Wolf Theiss

WOLF THEISS ADVISES INTERRITUS AND ATTESTOR ON THE SUCCESSFUL ACQUISITION OF KOMMUNALKREDIT AUSTRIA AG

Vienna - 29 September 2015 - The closing of the acquisition of 99.78% shares in Kommunalkredit Austria AG by the strategic partners, Interritus and Attestor, has occurred on 28 September 2015.

The new direct shareholder of Kommunalkredit Austria AG is Gesona Beteiligungsverwaltung GmbH, the acquisition vehicle of the two strategic partners which have (indirectly) invested through Interritus Limited, United Kingdom (for Interritus) and Trinity Investments Limited, Ireland (for Attestor).

The share purchase agreement for the acquisition of the 99.78% shares in Kommunalkredit Austria AG has been entered into between FIMBAG Finanzmarktbeteiligung Aktiengesellschaft des Bundes (FIMBAG) and Gesona Beteiligungsverwaltung GmbH. On 25 September 2015, the demerger of the entire business operations of the former Kommunalkredit Austria AG, by way of a proportionate demerger into a newly established company and the merger of the part of the former Kommunalkredit Austria AG remaining after the demerger into KA Finanz AG have been entered into the Commercial Court (Handelsgericht) of Vienna. After all closing conditions (in particular all required approvals and consents of the different authorities) have been fulfilled, 99.78% of the shares in the newly established company – also named as Kommunalkredit Austria AG – held by FIMBAG after the demerger into the ownership of Gesona Beteiligungsverwaltung GmbH have been transferred on 28 September 2015.

Christine SIEGL (Consultant), member of the Practice Group Banking & Finance of WOLF THEISS, Vienna, provided legal advice to the new shareholders (Interritus and Attestor) of Kommunalkredit Austria AG on regulatory aspects of the transaction, in particular the notification requirements towards the Austrian Financial Market Authority (Finanzmarktaufsichtsbehörde – FMA) and represented them in their "fit & proper assessment" as (proposed) acquirers. As competent authority within the Single Supervisory Mechanism, the European Central Bank (ECB) has issued its decision on the non-objection of the acquisition on 23 September 2015 which was one of the major conditions precedent for the closing.

In addition, the new shareholders of Kommunalkredit Austria AG have been advised and represented by Jochen ANWEILER (Counsel), member of the Practice Group Competition & Antitrust of WOLF THEISS, Vienna, in the merger control proceedings vis-a-vis the Austrian competition authorities.

For further information please contact

Barbara Fürchtegott
Barbara
Fürchtegott
Public Relations & Communications Manager
T. +43 1 51510 3808
Schubertring 6
1010 Vienna
Austria

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