The share purchase agreement was signed on 14 April 2023. Closing is expected in the middle of the year 2023 and is subject to the fulfilment of customary regulatory approvals.
Based in Vienna, HS Timber Group is one of the leading wood processing companies in Europe. It is active in the timber industry and in the bioenergy sector throughout the CEE region, exporting its products to 70 different destinations.
Operating globally, Ziegler Group has its roots in the northern Upper Palatinate with various business sites across Germany. Since the company was founded in 1948, the core business of the group has been wood processing.
The Schoenherr team advising on the transaction was led by Christian Herbst (partner) and Maximilian Lang (partner) and further consisted of Volker Weiss (partner), Markus Fasching (associate), Mădălina Neagu (partner), Narcisa Oprea (local partner), Claudiu Stan (senior attorney at law) and Silviu Lazăr (attorney at law).
Ziegler Group was advised by bpv Vienna/Bucharest.