International law firm Freshfields Bruckhaus Deringer has advised HOCHTIEF Aktiengesellschaft, one of the world's leading construction groups, on the sale of all shares in HOCHTIEF AirPort GmbH to the Public Sector Pension Investment Board, Canada (PSP Investments).
HOCHTIEF AirPort is one of the leading airport investors and managers in the world and holds stakes in the airports of Athens, Budapest, Düsseldorf, Hamburg, Sydney and Tirana. Combined, these airports handle approximately 95 million passengers annually.

The transaction, valued at €1.5bn, including minority interests of some €0.4bn, followed a very competitive tendering process. It will become effective retroactively as of January 1, 2013.

Freshfields has advised on this particularly complex transaction since 2011. The advice encompassed judicial subjects in multiple jurisdictions (in particular Australia, Greece and Hungary) which were resolved in cooperation with the firm’s selected local law firms.

The Freshfields team comprised corporate partners Kai Hasselbach and Ludwig Leyendecker in Cologne.