Advising Raiffeisen-Landesbank Steiermark AG on the restructuring of the IT infrastructure sector

SAXINGER advised Raiffeisen-Landesbank Steiermark AG on the restructuring of its IT infrastructure sector by merging Raiffeisen Informatik Center Steiermark GmbH with GRZ IT Betrieb GmbH (now RAITEC GmbH).

Raiffeisen Informatik Center Steiermark GmbH was a group company of Raiffeisen-Landesbank Steiermark AG and operator of the data centre for the Raiffeisenbank Group Styria and its IT full-service provider. GRZ IT Betrieb GmbH (now RAITEC GmbH) is a group company of Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, into which the operations of GRZ IT Center GmbH were split off for the purpose of the present restructuring. GRZ IT Center GmbH was an IT full-service provider for the Raiffeisen bank groups of Upper Austria, Tyrol, Salzburg and partly Carinthia, which also provided IT services outside the Raiffeisen bank group.

The SAXINGER team, consisting of partners Franz Mittendorfer, LL.M. and Clemens Harsch, LL.M., MBA and Dieter Duursma, LL.M., M.A.S., advised Raiffeisen-Landesbank Steiermark AG in all legal aspects, including all regulatory issues of this transaction. They were supported by associate Dr. Stephan Pree, LL.B.

Mag. Clemens Harsch
attorney at law, partner

"We are very pleased that RLB Steiermark has once again trusted in the services of our law firm in this so important project and that we were able to support them in this significant step into the future."

Dr Franz Mittendorfer Mag Clemens Harsch Dr Dieter Duursma
Project details

With the new joint bank data centre RAITEC GmbH, the participating banks want to increase synergies and create even more efficient structures for the implementation of IT projects. The customers of the respective banks benefit from the competence of a large IT company.

Press release