Vienna International Airport increases stake in the Airport Malta (MT)

|© The Gentle

Flughafen Wien AG (Vienna International Airport) has acquired SNC-Lavalin Group’s indirect stake in Malta International Airport, in a €64m cross-border deal.


The deal was advised by the M&A team of CHSH Cerha Hempel Spiegelfeld Hlawati, and the final transaction value is equivalent to €3 per Airport Malta share, subject to working capital adjustments.


Before the transaction, Vienna International Airport indirectly held a consolidated 32.94% participation in Airport Malta. SNC-Lavalin Group indirectly held 15.5% in the Airport Malta and was Vienna International Airport’s consortium partner. By acquiring SNC-Lavalin Group’s stake, Vienna International Airport could expand its involvement in the Airport Malta; the total consolidated holding after closing of the transaction is now more than 48%.


CHSH acted as lead counsel to Vienna International Airport in this cross-border transaction, which involved multilayer holding structures in various jurisdictions (Malta, Austria, Canada), as well as a number of complex legal issues (ranging from public procurement, takeover laws, competition laws to contract law). “These challenges could be met by CHSH due to its sound experience in cross-border-transactions and the strong collaboration with its global network of partner law firms” explained Johannes Aehrenthal and Georg Konrad, partners at CHSH.


CHSH regularly advises Vienna International Airport and had already been involved in the acquisition of Vienna International Airport’s participation in Kosice Airport and regarding the privatisation of the Airport Malta.

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