Global law firm Norton Rose Fulbright has advised the Otto family office on its acquisition of shares in the Ruby GmbH (Ruby Group). The transaction's completion is subject to approval by the German Federal Cartel Office.
The Otto family office will acquire a total of 25 percent of the shares in the Ruby Group which owns seven hotels under its "Lean Luxury" brand.
The Norton Rose Fulbright team, led by real estate partner Stefan Feuerriegel (Hamburg), advised the family office on all legal issues relating to the share acquisition, including real estate, corporate and M&A, public law, IP, antitrust and employment.