PRESS RELEASE WOLF THEISS ADVISES MAHLE IN ITS ACQUISITION OF SLOVENIAN CAR PARTS MANUFACTURER LETRIKA WOLF THEISS Rechtsanwälte Schubertring 6 1010 Vienna Austria T +43 1 515 10 F +43 1 515 10 25 [email protected] www.wolftheiss.com Vienna, 19 September 2014 – The sale of Slovenian car parts manufacturer Letrika is part of the ongoing privatization process – MAHLE, the buyer, was advised by Wolf Theiss. On Wednesday, 10 September 2014, MAHLE successfully closed the transaction to acquire shares representing a 53.99 per cent majority in the Slovenian listed company Letrika (formerly, 'Iskra Avtoelektrika'). The consortium of sellers, the state-owned BAMC, the Slovenian State Holding (SDH), Modra zavarovalnica d.d., the largest Slovenian bank NLB d.d., Alpen Invest (former NFD) and Triglav skladi sold their combined shareholding in the automotive parts manuf acturer Letrika to MAHLE Holding Austria, which is fully owned by the MAHLE GmbH (Germany). The sale was part of the ongoing privatization processes which entails the sale of several important companies in Slovenia. In the next step, MAHLE will launch a public takeover bid for the outstanding shares. Assuming that all shares will be acquired, the entire deal value is approximately EUR 108 million. Wolf Theiss acted as lead counsel for the buyer, providing full-scope advice, like due diligence (Wolf Theiss covered Slovenia and Bosnia and also coordinated the due diligence for jurisdictions outside of Slovenia), negotiations, signing and closing as well as advice on corporate law, competition law and takeover law aspects. The transaction team was coordinated by Partners Markus Bruckmüller and Laura Struc (both Corporate); other team members were Associate Peter Zorin (Corporate), Associate Laura Siftar (Corporate), Senior Associate Teja Balazic (Employment) as well as Associate Petra Jermol (Real Estate). Financial advisor to the sellers was KPMG. Financial advisor to MAHLE was UniCredit CAIB. Local firm Kavcic, Rogelj & Bracun acted as Sellers' legal counsel. ALBANIA AUSTRIA BOSNIA & HERZEGOVINA BULGARIA CROATIA CZECH REPUBLIC HUNGARY POLAND ROMANIA SERBIA SLOVAK REPUBLIC SLOVENIA UKRAINE ABOUT LETRIKA Headquartered in Šempeter pri Gorici/Slovenia, the company, which is listed on the Ljubljana stock exchange, develops and manufactures innovative electric motors, starter motors, generators, and electrical drive systems for customers in the passenger car, commercial vehicle, and agricultural and construction machinery market segments, as well as other industrial applications. In 2013, Letrika generated sales of EUR 242.5 million with its more than 2,600 employees at seven production and development locations in Slovenia, Bosnia and Herzegovina, Belarus, China, and Brazil. www.letrika.si ABOUT MAHLE As a leading global development partner for the automotive and engine industry, MAHLE offers unique systems competence in the combustion engine and engine periph erals. With its three business units Engine Systems and Components, Filtration and Engine Peripherals, as well as Thermal Management, the MAHLE Group ranks among the top three automotive systems suppliers worldwide. MAHLE is present in all major world markets. In 2014, some 65,000 employees at 140 production locations are expected to generate sales of around EUR 10 billion. At ten major research and development centers in Germany, Great Britain, the USA, Brazil, Japan, China, and India, more than 4,000 development engineers and technicians are working on forward-looking concepts, products, and systems. www.mahle.com ABOUT WOLF THEISS Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 340 lawyers in 14 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how. www.wolftheiss.com AWARD WINNING… Law Firm of the Year: Austria 2014 (The Lawyer European Awards) Best in Austria Award, 2013 & 2012 (European Woman in Business Law Awards, Euromoney) Best in Croatia Awards, 2013 (European Women in Business Law Awards, Eur omoney) Energy Law Firm of the Year, 2012 (The Diplomat – Bucharest) ÖGV-Unternehmer, 2011 (Österreichischer Gewerbeverein) Law Firm of the Year: Central Europe, 2014 & 2010 (The Lawyer European Awards) Law Firm of the Year: Eastern Europe and the Balkans, 2012 & 2009 (The Lawyer European Awards) Law Firm of the Year, 2010 (Southeastern Europe Real Estate Awards, Europa Property) Worldwide – Entertainment and Media Law Team of the Year, 2009 (World Leaders International IP Awards) M.6930748.1 2 Austrian Client Service Law Firm of the Year, 2011 (Chambers & Partners) Austrian Law Firm of the Year, 2013, 2012, 2011, 2010 & 2009 (Who's Who Legal, IFLR International Financial Law Review; Chambers & Partners; PLC Which lawyer?; ILO International Law Office) Austrian Tax Law Firm of the Year, 2011, 2010 & 2009 (International Tax Review) Czech Law Firm of the Year, 2010 (IFLR - International Financial Law Review) Hungarian Law Firm of the Year, 2009 (IFLR - International Financial Law Review) First Place Winner Practice Development, 2011 (Your Honor Awards, Legal Marketing Association) For a complete awards list please visit www.wolftheiss.com \AboutUs\Awards For further information please contact: Georg Baldauf Marketing & Communications Manager Wolf Theiss Rechtsanwälte / Attorneys-at-Law Schubertring 6, 1010 Vienna Austria Tel.: +43 1 51510 / 3808 E-Mail: [email protected] Find out more at www.wolftheiss.com M.6930748.1 3
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