Vienna, Zagreb, Warsaw, 8 April 2024 – Wolf Theiss acted as legal advisor to Constantia Flexibles in the strategic agreement to acquire a majority stake in Aluflexpack and the initiation of a public tender offer. This transaction underscores Constantia Flexibles’ commitment to legal diligence and strategic growth, signalling a significant development in the packaging industry.
On 15 February 2024, Austrian-based Constantia Flexibles, a portfolio company of One Rock Capital Partners, entered into a share purchase agreement to acquire, subject to regulatory approval, approximately 57% of the shares of Aluflexpack from Montana Tech Components AG and Xoris GmbH. In parallel, Constantia and Aluflexpack entered into an agreement on the terms and conditions of an all-cash public tender offer for all publicly held registered shares of Aluflexpack. The offer price is between CHF 15.00 and CHF 18.75 per share, depending on the outcome of the regulatory process.
Wolf Theiss advised Constantia Flexibles alongside Latham & Watkins LLP, who acted as lead counsel. Bär & Karrer advised on all Swiss law aspects of the transaction.
The Wolf Theiss team was led by Partner Zeno Grabmayr (Corporate/M&A) with the assistance of Klemens Kendler (Corporate/M&A). The Croatian team was led by Partner Luka Tadic-Colic (Corporate/M&A) and the Polish team by Partners Izabela Zielinska-Barlozek and Maciej Szewczyk (both Corporate/M&A). Further Austrian team members included Partner Matthias Unterrieder, Magdalena Ziembicka (both Employment), Partner Leopold Höher and Chiara Schurich (both Finance) and Stefan Horn (Real Estate). The Croatian team further included Ira Peric Ostojic (Regulatory), Lucia Mocibob (Finance), Martina Zelic (Employment), Nikola Bozic (Real Estate), Ana Slovenec (Data Privacy) and Luka Svic (Environmental). The Polish team was comprised of Paweł Szumowski (Corporate), Piotr Wcisło (Commercial), Adrian Krzyżanowski (Finance), Agnieszka Nowak-Błaszczak (Employment), Jakub Pietrasik (IP/IT), Iwona Huryn (Real estate) and Joanna Wajdzik (Regulatory/Permits).
Download PDF in English
Wolf Theiss advises Constantia Flexibles on the acquisition of Aluflexpack
Vienna, Zagreb, Warsaw, 8 April 2024 – Wolf Theiss acted as legal advisor to Constantia Flexibles in the strategic agreement to acquire a majority stake in Aluflexpack and the initiation of a public tender offer. This transaction underscores Constantia Flexibles’ commitment to legal diligence and strategic growth, signalling a significant development in the packaging industry. […]...
Renaissance des Retail
Retail is one of the premier classes of the real estate industry and investors’ appetite for this asset class is increasing again after a long downturn. What makes good retail? What trends are trading and the asset class subject to? What role do entertainment, leisure and experience play in success? How can brick & mortar […]...
Life Sciences Bulletin: CJEU ruling on the online sale of OTC medicines may impact Hungarian market
The recent judgement of the Court of Justice of the European Union (“CJEU”) on the sale of over-the-counter (OTC) medicinal products online (C-606/21, decision published on 29.02.2024) may have a direct impact on the existing Hungarian legislation and established market practice. Case summary The Union des Groupements de pharmaciens d’officine (UDGPO) challenged the legality of […]...
Digital Law: Putting the AI Act into practice
Our new episode of the Wolf Theiss Soundshot Podcast is the third one in our “Digital Law” series. In this episode, Jakub Pietrasik and Phillip Wrabetz from our IP & TMT team discuss the recently adopted EU Artificial Intelligence Act and how businesses should already begin preparing for the new legal framework. The AI Act […]...
Wolf Theiss advised Volksbank Wien AG on its issue of EUR 500,000,000 Subordinated Notes (Tier 2)
Vienna, 27 March 2024 – Wolf Theiss comprehensively advised VOLKSBANK WIEN AG as Issuer on its issue of “EUR 500.000.000 5.750% Fixed to Fixed 10.25NC5.25 Subordinated Notes (Tier 2) with an Interest Rate Change Date on 21 June 2029” (AT000B122270). VOLKSBANK WIEN AG successfully completed the issue of EUR 500 million Tier 2 notes. The notes have […]...
Medicine shortages in the CEE & SEE
Medicine shortages in Europe have reached unprecedented levels as a result of the COVID-19 pandemic. While this topic has been a concern for stakeholders and regulators for decades, the post-pandemic crisis necessitated urgent legislative reforms by individual countries and the European Union to meet pressing demands. The CEE&SEE region, which has traditionally faced high levels […]...
Wolf Theiss facilitates Allianz Bank Bulgaria’s strategic partnership with European Investment Bank Group, boosting SME lending capacity
Sofia, 22 March 2024 – Wolf Theiss provided support to Allianz Bank Bulgaria in the review, negotiations and regulatory compliance of a Synthetic Securitization Agreement with the European Investment Bank Group. The execution of the agreement was announced by EIF, EIB and Allianz Bank Bulgaria at the end of February 2024. This arrangement allows Allianz […]...
AI Act – New rules for tech companies
The adoption of the Artificial Intelligence Act means a wide range of responsibilities for tech businesses in the European Union. This article guides through the new regulatory framework and its practical implications. On 13 March 2024, the European Parliament adopted the AI Act – landmark EU legislation comprehensively addressing all issues connected with the regulatory […]...
Soziale Beschaffungen
In dieser Folge unseres Vergaberecht-Podcasts diskutieren Manfred Essletzbichler und Wolfgang Lauchner das Thema “Soziale Beschaffungen”. Unsere Vergabeexperten besprechen die Herausforderungen im Pflege- und Betreuungsbereich aufgrund des demografischen Wandels und Fachkräftemangels sowie die vergaberechtliche Umsetzung möglicher Lösungsansätze wie Übergangspflege und Community-Nurse-Konzepte (unter Berücksichtigung der speziellen “Spielregeln” für die Vergabe “sozialer Dienstleistungen” und die Beauftragung gemeinnütziger Organisationen). […]...
ESG in Bulgaria – Five Factors to Watch in 2024
One of the significant questions concerning ESG issues is the cost of transitioning to a more sustainable business environment. Will it result in increased financing costs and restricted access to new borrowing, or will it, on the contrary, lead to the development of new market segments and gradual change? While we cannot provide definitive answers […]...
Beware of the phishing bait. Don’t get hooked!
In today’s digital landscape, cyber-attacks such as phishing attacks have become more sophisticated than ever. We welcome you to join us and create together the space for a lively and active discussion around this hot topic on Tuesday, 26 March 2024, from 9:30 a.m., at our headquarters in Bucharest, 4 Vasile Alecsandri Street, The Landmark, […]...
Recent changes in Hungarian e-commerce and consumer protection regulations
Since early 2024, Hungarian legislative efforts have brought about several updates to consumer protection regulations. Ranging from novelties in consumer complaints and related processes, increased consumer protections fines, expanded rights of the consumer protection and competition authority to an unexpected obligation imposed on e-commerce providers to include the local postal delivery provider as a delivery […]...