E+H advises IFM Investors, the largest shareholder of Vienna Airport, on the increase of its stake

Airports Group Europe S.à r.l., an indirect subsidiary of IFM Global Infrastructure Fund, has increased its stake in Flughafen Wien Aktiengesellschaft to 43.37% under its voluntary public partial offer.

We are very pleased with the result of the public offer and the considerable interest from investors,” said Werner Kerschl, Executive Director of IFM Investors. “The increase in our investment reflects a long-term, responsible commitment to Flughafen Wien and Austria as a place to invest. As the largest shareholder of the airport, we look forward to continuing our engagement with the other shareholders, the supervisory board and management, and to working in the best interests of Flughafen Wien.”

E+H Rechtsanwälte GmbH advised IFM Investors on its voluntary public partial offer for shares in Flughafen Wien Aktiengesellschaft that was primarily directed at the remaining freefloat shareholders. E+H Rechtsanwälte GmbH also represented the acquirer in the investment control proceedings for the approval of the transaction before the Austrian Ministry of Labour and Economy, which was approved in phase II. This was the first public tender offer under the Austrian takeover act that required approval under the new Austrian investment control act. Due to Vienna Airport’s shareholding in Malta Airport, an approval was also required by the Maltese investment control authority. The structuring and implementation of the public offer was highly complex due to the stringent regulatory framework. The transaction will serve as a benchmark for future takeovers subject to the Austrian Investment Control Act.

E+H advises IFM GIF on aspects of Austrian law.

E+H team

Philipp Nidal Karaman (Federführung; Corporate + M&A), Judith Feldner, Felix Frommelt (Investitionskontrolle); Ulrike Sehrschön (Öffentliches Recht) Associates: Vincenz Stockert, Laura Glibusic (beide Corporate + M&A), Marcel Neuhauser (Investitionskontrolle), Titus Kahr(Öffentliches Recht)

Contact E+H

Philipp Nidal Karaman
T: +43 1 606 36 47
E: n.karaman@eh.at
E+H Rechtsanwälte GmbH
Vienna Twin Towers, Wienerbergstraße 11
1100 Vienna

Last update: 13 February 2023