The Austrian law firm of the year, CHSH, took a lead role as sole legal adviser to Wienerburger on the firm’s capital increase. This innovative deal saw subscription rights offered to Austrian shareholders, with an unusual backstop agreement with the Libyan Investment Authority. There was also an international private placement.
We are pleased to announce that CHSH Cerha Hempel Spiegelfeld Hlawati, one of the largest and most well-known corporate law firms in Austria, provided legal advice to the Republic of Austria, ÖIAG, and Austrian Airlines during the takeover of AUA by Deutsche Lufthansa. The team headed by Edith Hlawati, which has extensive experience in privatization projects, provided legal advice in all relevant fields of law for this extremely complex transaction.
CHSH Cerha Hempel Spiegelfeld Hlawati, one of the largest and most well-known corporate law firms in Austria with offices in Central, Eastern and Southeastern Europe, has added to its already prestigious Banking & Corporate Finance Team. Attorney Dr. Thomas Zivny, LL.M. (Harvard), 32, will join the partnership on the 1. May 2008. Thomas Zivny specialises in banking and capital markets, with a particular focus on debt capital markets, project finance and healthcare.
Edith Hlawati takes on strategic position in the law firm's board. Albert Birkner appointed new managing partner from 1 January 2007.
On 20 December 2006 Pfizer Inc and Johnson & Johnson have finalised the acquisition of Pfizer Consumer Healthcare business ("PCH"), Pfizer's worldwide business division active in over-the-counter ("OTC") pharmaceuticals and personal care products, by Johnson & Johnson. The transaction volume amounted to around US$ 16.6 billion worldwide.
CHSH advised OMV, the leading oil and gas corporate group in Central Europe, on its acquisition of a 34% stake in Petrol Ofisi, Turkey's leading company in fuel marketing, from Dogan Sirketler Grubu Holding.
The transaction value amounts to US$ 1.054 billion. Following the completion of the transaction OMV and Dogan will jointly control the company
CHSH Cerha Hempel Spiegelfeld Hlawati successfully completed three IPOs in May 2006.
The first half of 2006 saw four initial public offerings of Austrian issuers. In three of these, CHSH advised the banks as to Austrian law. After Telekom Austria's IPO in 2000 (largest) and Bank Austria's IPO in 2003 (third largest) - CHSH advised on both transactions - the IPO of