On March 30, 2016, SNC-Lavalin Group Inc. (SNCL) announced that it had reached financial close on the sale of its indirect ownership interest in MMLC Holdings Malta Limited (formerly, SNC-Lavalin (Malta) Limited (SNCL Malta)) to an affiliate of Flughafen Wien AG (VIE), the operator of Vienna International Airport and a company that is publicly traded on the Vienna Stock Exchange, for total cash consideration of approximately 64 million euros. The agreement to sell such interest was previously announced by SNC-Lavalin on February 1, 2016. SNCL Malta holds a 38.75 per cent interest in Malta Mediterranean Link Consortium Limited, which, in turn, has a 40 per cent interest in Malta International Airport plc, a company that is publicly traded on the Malta Stock Exchange.
SNCL was represented in-house by Aron Halpern. SNCL was supported by Norton Rose Fulbright Canada LLP, who acted as Canadian legal counsel, with a team composed of Eric Stevens, Michelle Felsky and Emil Vanjaka (corporate) and Derek Chiasson and Antoine Desroches (tax). Arthur Galea Salomone of Galea Salomone & Associates acted as Maltese legal counsel to SNCL.
VIE was represented in-house by Wolfgang Koeberl. VIE was further supported and represented by CHSH Cerha Hempel Spiegelfeld Hlawati, who acted as Austrian legal counsel, with a team composed of Johannes Aehrenthal, Georg Konrad, Thomas Trettnak and Jakob Hartig (corporate) and Bernhard Kofler-Senoner and Michael Mayer (competition). GANADO Advocates acted as Maltese legal counsel to VIE, with a team composed of Max Ganado, Simon Schembri, Nikolai Muscat Farrugia, Nicholas Curmi and Richard Ambery (corporate). Antonella Penta and Alexandre Martin (corporate) and Shuli Rodal (competition) of Osler, Hoskin & Harcourt LLP acted as Canadian legal counsel to VIE.