Düsseldorf-based lawyers Dr. Hans Gummert and Dr. Florian Brombach advised Walser Privatbank AG on the sale of its subsidiary Raiffeisen Privatbank Liechtenstein AG to Mason Strategic Investment Company Limited, a subsidiary of Hong Kong Stock Exchange-listed Mason Group Holdings Limited. The two Heuking Kühn Lüer Wojtek lawyers comprehensively advised Walser Privatbank on the complex cross-border transaction.
With the acquisition of Raiffeisen Privatbank Liechtenstein, Mason Group aims to offer its clients and asset managers a single point of contact in the heart of Europe. The company will also benefit from the particularities of Liechtenstein as a banking center, enjoying its political and economic stability, its membership of the European Economic Area (EEA), and the strong Swiss franc. Following the sale of its subsidiary bank, Walser Privatbank will be able to concentrate even more heavily on its own customers and target markets in the future. For Raiffeisen Privatbank Liechtenstein, the transaction opens up additional growth prospects in the Asian region.
Walser Privatbank AG is an Austrian private bank specializing in high net worth individuals and entrepreneurs with assets in excess of 300,000 euros. The private bank employs some 190 people at its offices in Austria, Liechtenstein, and Germany.
Hong Kong-headquartered Mason Group Holdings Limited specializes in high-end financial and healthcare services. Through its subsidiaries, the listed company offers leveraged and acquisition financing and mortgage and research solutions.
Counsel to Walser Privatbank AG
Heuking Kühn Lüer Wojtek:
Dr. Hans Gummert,
Dr. Florian Brombach, LL.M. (both Corporate/M&A), both Düsseldorf