Freshfields has advised a syndicate of 32 banks, led by Banco Bilbao Vizcaya Argentaria and Bank of America, on a EUR 2.5 billion sustainability-linked revolving credit facility granted to Iberdrola Financiacion and Avangrid as borrowers, with Iberdrola acting as guarantor.

PFP, working with PwC Legal, has advised Investika on its entry into the Austrian real estate market via an asset deal, acquiring the CAE Aviation Training Centre from Proper Industrial. Dorda advised Propel Industrial.

Cerha Hempel has advised Worthington Enterprises subsidiary Worthington Cylinders on the sale of its alternative fuels business to Norway-based Hexagon Composites. Baker McKenzie advised Worthington Enterprises. Saxinger advised Hexagon.

Wolf Theiss has advised Chatlyn on its EUR 8 million series A financing round led by London-based private equity firm Smedvig Ventures. Brandl Talos advised Smedvig Ventures.

Kinstellar has advised Black Diamond and its parent company Clarus on the sale of Black Diamond Austria and its operating subsidiary PIEPS to an international private investment firm. Schindler Attorneys reportedly advised the buyers.

The legal framework for the construction of wind turbines in Carinthia, Austria has been fundamentally altered by the latest amendment to the Carinthian Spatial Planning Act[1] (Kärntner Raumordnungsgesetzes, K-ROG). The amendment introduces several significant (temporary) changes that affect various aspects of the approval and construction of wind turbines.

Baker McKenzie has advised Delachaux on the sale of its shares in Frauscher Sensor Technology Group to Wabtec Corporation for an enterprise value of EUR 675 million.

Cerha Hempel has advised Permissionless Technologies on its successful USD 1.5 million pre-seed financing round led by Draper Associates.

E+H has advised Burgenland Energie subsidiary BE Energy on the realization of a rooftop photovoltaic plant as part of a joint venture with PUSPOK Erneuerbare Energie.

Freshfields has advised Traton on the implementation of a new joint group R&D organization across its brands Scania, MAN, International, and Volkswagen Truck & Bus.

CMS has advised a consortium of investors, including APG, on the spin-off of select designer outlet mall assets from the European Outlet Mall Fund into a newly formed pan-European joint venture valued at approximately EUR 3 billion.

Kinstellar has advised PPF Group and its shareholders on their agreement with ForteBank for the sale of 100% of Home Credit Bank Kazakhstan and its associated businesses.

By Implementing Regulation (EU) 2025/1197, published on Friday, 20 June 2025, the European Commission decided to exclude companies from the People’s Republic of China (PRC) from public contracts for medical devices. This applies to contracts with an estimated value of more than five million euros. Furthermore, no more than 50% of the contract value may be passed on to Chinese companies.

Wolf Theiss, working with Clifford Chance, has advised Supernova Invest on the issuance of EUR 550 million senior notes due 2030. Linklaters and Schoenherr reportedly advised the bank syndicate involved.

Schoenherr has advised the shareholders of Timeular on the sale of the company to Graz-based software provider TimeTac.

Wolf Theiss, working with Linklaters, has advised Raiffeisen Bank on the issuance of EUR 300 million 4.191% 6NC5 green non-preferred senior eligible notes due 2031. White & Case reportedly advised the bank syndicate.

Allen Overy Shearman Sterling Counsel Attila Csongrady is set to join Schoenherr as Partner alongside Peter Redo, who will join as Counsel, effective September 1, 2025.

Schoenherr has advised OMV Aktiengesellschaft on the issuance of EUR 750 million in perpetual, subordinated hybrid notes with J.P. Morgan and MUFG acting as the structuring agents and joint global coordinators and BofA Securities, Erste Group, ING, LBBW, and SMBC as the joint bookrunners. Wolf Theiss, working with the White & Case Frankfurt office, advised the bookrunners.