DLA Piper advised H.M.Z. Privatstiftung, a private foundation established by the former AT & S owner Helmut Zoidl, on the sale of several Styrian properties and shares to the Austrian billionaire and Red Bull boss Dietrich Mateschitz.

Among the sold properties were Hotel Schloss Gabelhofen, the 2,500 hectare forest-estate Authal in the district of Murtal and the Seehotel together with a villa on lake Grundlsee. After extensive negotiations between H.M.Z. and Mateschitz, the contracts were signed on 23 April.

The DLA Piper team was responsible for the entire selling process and also advised on a complex restructuring , which had to be structured and implemented before the sale. Led by Dr. Christoph Mager, the team comprised of Elisabeth Stichmann and Johanna Höltl .

"We are pleased for our longstanding client that the transaction was completed in a mutually satisfactory manner for all participants," said Dr. Christoph Mager, partner and Head of DLA Piper's Corporate practice in Vienna.