Schoenherr represents Carso Telecom on its public takeover offer for Telekom Austria
Schoenherr has represented Carso Telecom, a wholly owned subsidiary of the América Móvil group (AMX), in a public takeover offer for all shares in Telekom Austria AG not held by Carso Telecom, AMX, Telekom Austria or the Republic of Austria’s state holding company OIAG.
The public offer launched on 15 May 2014. The offer was triggered by a 23 April 2014 announcement of such offer in connection with the conclusion of a shareholders’ agreement between Carso Telecom/AMX and OIAG.
With an offer price of €7.15 (£5.83) per Telekom Austria share, the volume of the public offer exceeds €1.4bn. The public offer is subject to regulatory approvals and provides for a conversion possibility into a mandatory offer.
Schoenherr advised Carso Telecom/AMX on all aspects of the preparation and launch of the public offer.
The Schoenherr team was led by partner Christian Herbst (corporate/M&A) and also consisted of Florian Kusznier (partner, corporate/M&A), Sascha Schulz (associate, corporate/M&A) and Maximilian Lang (associate, corporate/M&A), as well as Volker Weiss (partner, competition), Evelin Hlina (associate, competition).
PwC is acting as expert to the bidder Carso Telecom.
News from Schoenherr
Briefings from Schoenherr
Serbia: seconding Austrian nationals to work in Serbia and applying the Double Taxation Treaty between the two countries
It is commonplace for foreign companies active in Serbia, including Austrian firms, to second their employees to the country via their affiliates or business partners.
On 11 July 2014, the Polish Parliament adopted the draft of the bill to amend the environmental law and certain other acts.