Eisenberger & Herzog has advised Allianz Capital Partners on the acquisition of a 75% stake in Niederosterreichische Glasfaserinfrastruktur from Breitband Holding, controlled by the Province of Lower Austria. The investment is approximately EUR 300 million. CMS advised NoGIG on the deal.
The transaction is expected to close before the end of this year. Construction is scheduled to start in 2020.
NoGIG builds and operates a new fiber-to-the-home optical fiber network in rural regions of Lower Austria, with a focus on municipalities with less than 5,000 inhabitants.
The Eisenberger & Herzogteam included Partners Michael Strenitz, Ulrike Sehrschon, and Clemens Lanschutzer, and Associates Mathias Eberle and Isolde Klinger.
The CMS team was led by Partners Thomas Hamerl and Clemens Grossmayer.