Rautner Rechtsanwälte recently advised Windkraft Simonsfeld AG on the financing of 13 new wind power plants by the European Investment Bank (EIB) and Erste Group Bank AG, permitting a total investment of € 65 million in new energy infrastructure. The 13 new wind power plants will be built in Kreuzstetten, Dürnkrut and Hipples. With the…

Rautner Attorneys at Law recently advised the shareholders of Ranorex GmbH on the sale of 100% of their equity shares in the Austrian software developer to American software specialist Idera Inc. The company’s proprietary software ensures that applications can be automatically tested and optimized both during new development and ongoing operation. Ranorex was founded in…

Rautner Rechtsanwälte recently advised an international bank syndicate consisting of Landesbank Baden-Württemberg (technical lead), Crédit Agriciole, Credit Suisse, DZ BANK and Erste Group as Joint Lead Managers on the issue of a € 1 billion fixed-rate mortgage Pfandbrief by Erste Group Bank AG (closing: 17 January 2018). The bond was placed with institutional investors and…

Rautner Rechtsanwälte advised an international banking syndicate comprising Crédit Agricole Corporate and Investment Bank, Erste Group Bank AG, HSBC Bank plc and UBS Limited as Joint Lead Managers on the successful issuance of a € 400 million subordinated bond (Tier 2) by Vienna based Volksbank Wien AG (Closing: 6 October 2017). The bond has a term…

In early April 2017, oekostrom AG, in cooperation with the crowdfunding platform Conda AG, successfully carried out the first offering of equity shares via crowd-investing in Austria. The offering on http://investieren.oekostrom.at was placed within two days of the start of the subscription period. This new, modern, and cost efficient form of entrepreneurial financing was made…

Rautner Attorneys at law advised HSBC plc on the issuance of a € 125m hybrid bond by PORR AG. It was the first hybrid bond by an Austrian issuer in 2017 and the second hybrid bond issuance by PORR AG. The first hybrid bond by PORR AG was issued in 2014. The bond has an…