Bucharest - 29 iunie 2012
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Schoenherr advised OMV Petrom SA in the sale of a 99.99% share in Petrom LPG SA to Romania’s Crimbo Gas International SRL. OMV Petrom SA is the largest oil and gas producer in Southeastern Europe and a member of OMV Group, which holds a 51.01% share in the Bucharest Stock Exchange-listed firm. The involved parties have agreed to keep confidential the value of the transaction, whose completion is also subject to clearance from the Romanian Competition Council.
Schoenherr supported OMV Petrom SA throughout the entire process, providing legal assistance in relation to data room organization, negotiation and signing of the share purchase agreement and will continue to assist in relation to the clos-ing formalities.
“We are glad that we have been able to assist OMV Group with this divestment in a very particular sector of the oil&gas industry,” said Corporate M&A partner Markus Piuk, who led the Schoenherr team advising the transaction.
The activities of Petrom LPG, which has approximately 260 employees, include bottling and distributing gas cylinders, selling and distributing propane and auto gas, as well as wholesale activities. Following the transaction, OMV Petrom SA will continue to supply raw material to Petrom LPG SA and the latter will supply cylinders and auto gas to OMV Petrom Marketing SRL, the wholly-owned OMV Petrom SA subsidiary that operates 550 filling stations in Romania.
The Schoenherr team advising OMV Petrom consisted of Markus Piuk (Partner; Corporate/M&A), Adriana Năstase (Attorney at Law, Bucharest; Corporate/M&A), and Cristina Pană (Attorney at Law, Bucharest; Competition).
Crimbo Gas International was represented by the local Bucharest firm Poppa & Associates.
Schoenherr is a leading full service law firm in Central Europe. About 300 professionals service na-tional and international clients from our offices in Belgrade*, Bratislava, Brussels, Bucharest, Buda-pest, Chisinau, Istanbul, Kyiv, Ljubljana*, Prague, Sofia*, Vienna, Warsaw and Zagreb* (*cooperation office). Operating in a rapidly evolving environment, we are a dynamic and innovative firm with an effective blend of experienced lawyers and young talent. As one of the first international law firms to move into CEE/SEE, we have grown to be one of the largest firms in the region. With 14 offices and several country desks, our comprehensive coverage of the region means we can offer so-lutions that perfectly fit the given industry, jurisdiction and company.
austria law firm of the year (chambers europe award for excellence 2011)
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central europe law firm of the year (the lawyer 2009)
Contact:
Markus Piuk, Partner
T: +43 1 534 37 207, E: m.piuk@schoenherr.eu
Peter Klopf, PR
T: + 43 1 534 37 4019, E: p.klopf@schoenherr.eu
Cuvinte cheie:
Schoenherr advises Petrom