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CMS and Eisenberger & Herzog Advise on Allianz Capital Partners Acquisition of Stake in Austrian Fiber-Optic Network Company

CMS and Eisenberger & Herzog Advise on Allianz Capital Partners Acquisition of Stake in Austrian Fiber-Optic Network Company

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CMS has advised Niederosterreichische Breitband-Holding on its EUR 300 million sale of a 74.9% stake in its Niederosterreichische Glasfaserinfrastrukturgesellschaft subsidiary to Allianz Capital Partners. Eisenberger & Herzog advised the buyers on the deal.

Niederosterreichische Glasfaserinfrastrukturgesellschaft builds and operates fiber-optic networks in rural areas on behalf of the federal state of Lower Austria. According to CMS, “ACP’s participation now makes it possible to take the next step of making fast Internet available to a further 100,000 households in communities with fewer than 5,000 inhabitants between 2020 and 2022.”

The investor selection was completed in the summer and the agreement, which was signed in September 2019, closed on December 9. 

CMS's team consisted of Partners Thomas Hamerl and Clemens Grossmayer.

The Eisenberger & Herzog team advising Niederosterreichische Breitband-Holding was led by Partner Michael Strenitz.

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CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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