Binder Grösswang and HBA attorneys assist with joint venture formation

Binder Grösswang and HBA attorneys have acted as legal counsels in relation to the formation of a joint venture regarding BSTG, Drahtwaren Produktions und Handels.

Binder Grösswang mergers and acqusitions partners Michael Kutschera and Michael Lind assisted the Italian Pittini Group, which acquired a 70 per cent share in BSTG by way of capital increase.

Joint venture partner AVI Alpenländische Veredelungs-Industrie Gesellschaft was represented by Bernhard Astner and Miriam Nehajova, mergers and acquisitions experts and partners of HBA.

As a result of the transaction, Linz-headquartered BSTG has become the biggest mesh producer in Austria.