fwp advised Alta Group, as a shareholder of Addiko Bank AG, on all aspects of the tender offer, Austrian corporate law, and regulatory matters. The mandate was at the intersection of a cross-border M&A transaction, takeover law, banking supervision law, capital markets and securities law, and corporate law.

Markus Fellner, partner at fwp: “The unprecedented combination in Austria of a tender offer with additional agreements between a selling shareholder and the bidder demonstrated that, with dedication and expertise, new approaches are possible even in complex scenarios involving takeover law and corporate law. It was crucial to consider takeover law, corporate law, regulatory requirements, and M&A together from the very beginning. With a team of outstanding lawyers, fwp was able to make a significant contribution to this milestone.”

Now that the minimum acceptance threshold of 55% set by RBI has been reached, the closing of the takeover bid is still subject to further conditions precedent.

On the fwp side, the transaction was led by Paul Luiki and Markus Fellner. The team also included Peter Blaschke and Mark Timar.

The advisory work was conducted in collaboration with Gecic Law, which served as the lead Serbian transaction advisor to Alta Group, and with Latham & Watkins LLP, which advised Alta Group on M&A aspects under German law.