DLA Piper Weiss-Tessbach has advised VIG Fund, a fund subsidiary of the Vienna Insurance Group, on the acquisition of the Prague commercial centre "BB C building C". After restructuring measures in the target, the transaction was structured as a share deal.

Christoph Mager, partner and head of the Corporate group in Austria, and senior associate Elisabeth Stichmann led the transaction, particularly supporting on the purchase contract negotiations, the final set-up of the share purchase agreements under Austrian law and the signing. A team of lawyers from DLA Piper's Prague office, led by partner Jakub Adam, conducted the due diligence and the closing.

"We are pleased for our client VIG Fund that the transaction could be completed as scheduled," said Christoph Mager. "The collaboration with our Czech DLA Piper colleagues was particularly important, since the results of the due diligence had to be analysed under Czech law and then incorporated into the contract under Austrian law without delay. In cross-border transactions and projects, our international presence is a special benefit for our clients, because it allows the optimal implementation of such deals."

http://www.dlapiper.com/dla-piper-weiss-tessbach-advises-vig-fund-on-th…