24 Oct 2025

GÖRG Advises TECHNO-EINKAUF GmbH on Sale of Shares in NÜRNBERGER Beteiligungs-AG to Vienna Insurance Group

"A GÖRG legal team, led by Dr. Matthias Terlau and Dr. Lutz Pospiech, has advised TECHNO-EINKAUF GmbH on the sale of its 19% stake in NÜRNBERGER Beteiligungs-AG to the Vienna Insurance Group, which is pursuing a public takeover. Following a due diligence review, TECHNO-EINKAUF issued a binding letter of intent, and the Vienna Insurance Group is expected to release the offer document for the takeover bid soon. GÖRG provided comprehensive legal advice throughout the process, including guidance for a shareholders' meeting to authorize the sale."

**Law Firms Involved in the Transaction:** GÖRG Partnerschaft von Rechtsanwälten mbB advised TECHNO-EINKAUF GmbH on the sale of its share package in NÜRNBERGER Beteiligungs-AG as part of a public takeover by the Vienna Insurance Group. **Transaction Overview:** TECHNO-EINKAUF GmbH, along with three other companies, holds approximately 19% of NÜRNBERGER Beteiligungs-AG, which is traded on the Scale segment of the Frankfurt Stock Exchange and other German stock exchanges. Following an exclusive due diligence review initiated by the Vienna Insurance Group on 8 August 2025, negotiations took place regarding the obligations to offer the share packages of larger shareholders. After concluding negotiations, TECHNO-EINKAUF GmbH issued a binding letter of intent. The Vienna Insurance Group is expected to publish the offer document for the public takeover bid on 17 October 2025. **Advisors from GÖRG Partnerschaft von Rechtsanwälten mbB:** - Dr Matthias Terlau (Lead, Partner, Banking and Banking Regulatory Law, Cologne) - Dr Lutz Pospiech (Partner, Stock Corporation and Capital Markets Law, Munich) - Lena Feldle (Senior Associate, M&A, Munich) - Niklas Lamberz (Associate, Banking and Banking Regulatory Law, Cologne)
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