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10-25-2021News

Heuking advises limited partners on the sale of their shares in RSV KG to RSV GmbH

A team led by Dr. Rainer Herschlein legally advised the private limited partners of Reutlinger Stadtverkehrsgesellschaft mbH Hogenmüller & Kull Co. KG (RSV KG) on the sale of all its shares, which will be taken over by municipal company RSV GmbH. The transaction is subject to the approval of the relevant corporate bodies and the municipal councils of the shareholders. RSV KG will then be merged into RSV GmbH, which will become the operating company for the region’s bus transportation.

While municipal utility Stadtwerke Reutlingen is the majority shareholder of RSV GmbH, the municipalities of Pfullingen, Eningen, and Pliezhausen also hold shares in the company. As general partner, RSV GmbH previously held a 33.3% stake in RSV KG.

The transaction is designed to streamline processes and to reduce the complexity of structures. The municipal influence on local public transport will  be reinforced with potential opportunities to establish a sustainable corporate structure in the long term. The agreed purchase price is EUR 6.75 million. Further details have not been disclosed.

Counsel to limited partners
Heuking Kühn Lüer Wojtek:

Dr. Rainer Herschlein, LL.M. (Lead, Corporate/ M&A),
Dr. Emanuel Teichmann (Corporate/ M&A), both Stuttgart
David Loszynski (Restructuring), Hamburg

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