Konrád Siegler

Biography

Konrád Siegler
Konrád Siegler is a partner in Weil’s Budapest office. He heads the office’s Banking & Finance and Capital Markets practices. Mr. Siegler has been practicing since 1991 and joined the firm as a partner in 2004. He specializes in banking & finance and capital markets transactions, and also has considerable experience in mergers & acquisitions, privatizations, bankruptcy & restructuring matters, and general corporate and general commercial law.

Mr. Siegler is regularly ranked as one of Hungary’s leading banking and capital markets lawyers.

Chambers Global said “Konrád Siegler is considered ‘the heart of the firm’ by many commentators, who recognize the pivotal role he has played in the team’s success in Budapest and in neighboring jurisdictions. He is praised for his ‘extraordinary talent and experience: he always offers practical solutions’”, and is “Recognized for his ‘great legal and business experience’”. IFLR 1000 said “He [Konrád Siegler] was really straightforward and understood a lot of our aims of the deal in what we wanted to achieve […]. We were dealing with some really difficult lawyers on the other side of the table and he dealt with them very well.”

Mr. Siegler has represented Hungarian and international banks, as well as other borrowers, in numerous project finance and syndicated lending transactions in the energy and real estate sectors. Mr. Siegler has also advised on regulatory matters in connection with several bank sale, purchase and merger transactions, and has provided regulatory advice on standard form legal documentation for investment banks and financial institutions.

Mr. Siegler also has been involved in a number of public offerings and private placements of shares and stock exchange listings. He has advised on nearly all of the large public bond offerings in Hungary, and on a number of private placements and commercial paper programs. He also has broad experience in advising on public takeover transactions, mergers & acquisitions, and corporate matters.

For many years, Mr. Siegler was an arbitrator at the Money and Capital Markets Arbitration Court of Hungary. He was a member of the Listing Committee of the Budapest Stock Exchange for four years, and lectured on securities law at Eötvös Loránd University.

Mr. Siegler is fluent in English in addition to his native Hungarian.

Bar Admissions
Budapest Bar

Education
Eötvös Loránd University, Hungary (J.D., 1991)

Key Representations

  • UniCredit Bank AG; Deutsche Bank AG
    Hungarian State Bond Offering Exchangeable for Shares in Gedeon Richter Nyrt.
    Advised UniCredit Bank and Deutsche Bank, as joint bookrunners, in the €900 million ($1.2 billion) offering of bonds issued by the Hungarian State exchangeable for shares held by the State in Gedeon Richter Nyrt., a leading Hungarian pharmaceutical company listed on the Budapest Stock Exchange.
  • Magyar Villamos Művek Zrt. (MVM Zrt.)
    Investment in Főgáz Zrt.
    Advised MVM, Hungary's state-owned electric utility company, in its contemplated HUF 41 billion ($189 million) acquisition of equity in Főgáz Zrt., a natural gas supplier in Budapest, from RWE Gas International N.V., a Netherlands-based supplier of natural gas, belonging to the RWE Group.
  • FHB Mortgage Bank
    Acquisition of Díjbeszedő Üzemeltetési és Szolgáltatási Kft.
    Advised FHB Mortgage Bank in the HUF 16 billion ($70 million) purchase of all of the shares of Díjbeszedő Üzemeltetési és Szolgáltatási Kft. (one of the holding companies of the Díjbeszedő group), a Hungarian provider of public utility billing, fee collection and debt collection services, and in arrangements for a long-term strategic partnership with Magyar Posta Zrt., Hungary's postal service, the purchaser of certain other companies of the Díjbeszedő group.
  • MOL
    Sale of a Majority Stake in MMBF Földgáztároló Zrt.
    Advised MOL, Hungary's biggest company and one of Central Europe's top refiners, in its sale of a €500 million ($678 million) majority stake in MMBF Földgáztároló Zrt., a Hungarian underground gas storage company.
  • MKB Bank
    Project Finance Facility for Gas-Heated Power Plant
    Advised MKB Bank Zrt. (a subsidiary of Bayerische Landesbank), together with the other members of a banking consortium, including Hungary’s leading banks: OTP Bank Nyrt., ERSTE Bank Hungary Zrt. and K&H Bank Zrt., in connection with the approximately €70 million project finance facility to be provided for the purposes of the development and construction of a new gas-heated power plant with 116 MW capacity.
  • Magyar Villamos Művek Zrt. (MVM Zrt.)
    HUF 176.8 Billion Syndicated Credit Facility
    Advised MVM, Hungary's state-owned electric utility company, in its HUF 84 billion ($372 million), increased by amendment to HUF 176.8 billion ($813 million), syndicated credit facility to finance its acquisition of the gas wholesale and storage businesses of E.ON Hungária Zrt., a provider of electricity, gas and heating services in Hungary.
  • Magyar Villamos Művek Zrt. (MVM Zrt.)
    €212 Million Credit Facility
    Advised MVM, Hungary's state-owned electric utility company, in its €67 million ($89 million), increased by amendment to €212 million ($291 million), syndicated credit facility to finance its acquisition of the gas wholesale and storage businesses of E.ON Hungária Zrt., a provider of electricity, gas and heating services in Hungary.
  • Magyar Villamos Művek Zrt. (MVM Zrt.)
    €290 Million Credit Facility
    Advised MVM, Hungary's state-owned electric utility company, in its €290 million ($377 million) increase, extension and renegotiation of an existing credit facility agreement as well as certain related intercompany arrangements.
  • Magyar Villamos Művek Zrt. (MVM Zrt.)
    €200 Million Multicurrency Credit Facility
    Advised MVM, Hungary's state-owned electric utility company, in its negotiation and documentation of a €200 million ($268 million) multicurrency credit facility from the Bank of China to finance its acquisition of the gas wholesale and storage businesses of E.ON Hungária Zrt., a provider of electricity, gas and heating services in Hungary.
  • ING Bank N.V.
    Share Option Agreement
    Advised ING Bank in a €400 million ($538 million) complex cash-settled call/put option arrangement with MOL Hungarian Oil and Gas Plc., a Hungarian oil refiner, regarding MOL shares.
  • Crédit Agricole CIB
    Share Option Agreement
    Advised Crédit Agricole CIB in a €100 million ($136 million) complex cash-settled call/put option arrangement with MOL Hungarian Oil and Gas Plc., a Hungarian oil refiner, regarding MOL shares.
  • UniCredit Bank, London Branch
    Share Option Agreement
    Advised UniCredit Bank, London Branch, in a €250 million ($342 million) complex cash-settled call/put option arrangement with MOL Hungarian Oil and Gas Plc., a Hungarian oil refiner, regarding MOL shares.
  • MNV/Hungarian Asset Management Co.
    Tender Offer for Rába Járműipari Holding Nyrt
    Represented MNV Zrt. (Magyar Nemzeti Vagyonkezelő; Hungarian Asset Management Co.), the asset management company of the Hungarian State, in its public purchase offer for the shares of Rába Járműipari Holding, a public company which manufactures and sells vehicle components and vehicles in the world market.
  • Alteo Energy Services
    Listing of Alteo on BSE
    Advised Alteo Energy Services Zrt. (a portfolio company of Wallis Asset Management) in connection with the conversion of Alteo into a public limited liability company and the listing of Alteo’s shares on the Budapest Stock Exchange.
  • FHB Mortgage Bank
    Purchase of Shares in Allianz Bank Zrt. and Strategic Cooperation Agreement
    Advised FHB Jelzálogbank Nyrt., a leading Hungarian mortgage bank, in the approximately HUF 15 billion (€54 million or $74 million) purchase, in cash and shares, of all of the shares in Allianz Bank Zrt., a commercial bank, from Allianz Hungária Insurance Zrt. and the entry into a 20-year strategic cooperation agreement between FHB and Allianz Insurance in bancassurance and assurbanking matters.
  • MOL
    Takeover Defenses and Related Litigation
    Advised MOL on takeover defenses and related litigation in relation to the acquisition of a 21.2% stake in MOL by Surgutneftegas, a Russian oil company. Surgutneftegas purchased its stake in MOL from Austrian peer, OMV.
  • FHB Mortgage Bank
    Series A Ordinary Shares Offering by FHB (Land and Mortgage Bank)
    Represented FHB (Land and Mortgage Bank) and Hungarian State Privatization Agency (ÁPV Zrt.) in the €255 million accelerated bookbuilding equity offering for 50% + one share of Series A Ordinary Shares.
  • OTP Bank and K&H Bank
    Domestic Bond Program of MOL.
    Advised OTP Bank and K&H Bank as lead arrangers in connection with the HUF100 billion domestic bond program of MOL.
  • ISD Dunaferr
    Complete Restructuring
    Advised ISD Dunaferr, Hungary’s largest steel manufacturer and one of Hungary’s largest employers, in connection with its complete restructuring, including, among others, employment law and state-aid matters.

Awards and Recognition, Latest Thinking, Firm News & Announcements

Awards and Recognition

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