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Wolf Theiss Advises Convera on Acquisition of Parts of Western Union Business

Wolf Theiss Advises Convera on Acquisition of Parts of Western Union Business

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Wolf Theiss has advised Convera on the acquisition of parts of the Austrian business of Western Union.

Western Union is active in the European Union through its subsidiary Western Union International Bank. According to Wolf Theiss, WUIB sold (parts of) its payment services and derivatives business to Convera Europe Financial S.A. and Convera Europe Financial S.A., two newly established Luxembourg legal entities which obtained respective authorizations by the CSSF and established branches in several EU countries, including Austria.

The Wolf Theiss team included Partners Claus Schneider, Christian Mikosch, and Matthias Unterrieder, Counsels Christine Siegl, Karin Spindler-Simader, and Paulina Pomorski and Senior Associate Christopher Juenger.

Wolf Theiss could not provide additional information on the deal.

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With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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