fwp advises VBV-Pensionskasse Aktiengesellschaft on the acquisition of the company pension fund of EVN AG.

 fwp advises VBV-Pensionskasse Aktiengesellschaft in its acquisition of the inner-company pension fund of EVN AG, one of the largest Austrian energy corporations.

An optimal transaction structure made a swift transfer of all pension fund contributions possible and ensured a direct acquisition of the business. Designing the merger of the business of the acquired target company together with the business of the acquiring Pensionskasse allowed for complex legal succession issues to be solved. This required fwp to use a completely new structure so far not commonly used to successfully implement the whole transaction and obtain the regulatory approvals. Merger control issues were dealt with in the shortest time possible. Regulatory clearance in the context of the complex legal environment complemented the transaction. “fwp advised VBV Pensionskasse, a long-standing client, in the quickest and most efficient way possible on the transaction which is part of the core competence financial institutions.”, says fwp partner Markus Fellner.

The fwp team consisted of Markus Fellner (Lead). Lukas Flener provided advice on the approval under merger control regulations. In addition to fwp, the transaction was also handled by in-house counsel Antony Raynoschek (VBV-Pensionskasse Aktiengesellschaft). EVN AG was advised by Schönherr.