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Schoenherr Advises Palfinger on Cross-Shareholding Reversal with Sany Group

Schoenherr Advises Palfinger on Cross-Shareholding Reversal with Sany Group

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Schoenherr has advised Palfinger on the reversal of the cross-shareholding structure with the Sany Group.

According to Schoenherr, “Palfinger is the global leader for innovative crane and lifting solutions. Palfinger AG has been listed on the Vienna stock exchange since 1999 and in 2020 achieved revenue of EUR 1.53 billion. The Sany Group is a leader in high-end equipment manufacturing with over 20 R&D centers and manufacturing bases around the world. Sany Heavy Industries is China's largest and the world's fifth-largest engineering machinery manufacturer.”

The share sale and purchase agreement between the two companies was signed in December 2021. Schoenherr had also advised Palfinger on the initial implementation of the cross-shareholding structure, in 2014. 

Schoenherr’s team included Partner Robert Bachner, Counsel Sascha Schulz, and Associate Gabriel Ebner.

Schoenherr did not respond to our inquiry on the matter.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu