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Weil Advises MOL on Acquisition of OT Industries Group

Weil Advises MOL on Acquisition of OT Industries Group

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Weil has represented MOL in its acquisition of a majority interest in the OT Industries Group, which Weil describes as "a key market participant of the Central and Eastern European oil and gas industry with its main profile in EPC (Engineering, Procurement, Construction) project implementation."

The transaction, which also involved a joint venture arrangement between MOL and the minority shareholder, closed on January 31, 2017.

Weil's Budapest team includes Partner Konrad Siegler, M&A Counsel Pal Szabo, and Associates Daria Szabo and Daniel Racz. Competition advice was provided by Special Counsel Laszlo Zlatarov.

When contacted by CEE Legal Matters, Weil explained that, following the instructions of MOL, it was unable to provide any additional information on the matter.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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