National leaders Wolf Theiss & Partners and Cerha Hempel Spiegelfeld have teamed up to act on Austria’s biggest M&A deal of the year, advising Heineken on its acquisition of local brewing giant Oesterreichische Brau-Beteiligungs (BBAG).

The $2.24bn acquisition secures the Dutch drinks giant its first major operation in Austria and a top-tier presence in the local drinks markets of Austria, Romania and Hungary.