Cerha Hempel has advised OMV on the sale of its Avanti-branded service stations in Germany to PKN Orlen Group's Orlen Deutschland.
According to Cerha Hempel, "OMV Downstream, a wholly-owned Austrian subsidiary of publicly listed OMV, has sold 100% of its shares in Avanti Deutschland, which operates Avanti service stations in Southern Germany, to Orlen Deutschland."
"Last year, OMV sold the service station network it had previously operated in Germany under its OMV core brand to the British EG Group. Following the divestment of the OMV network in Germany, the sale of its Avanti service stations in Germany now completes OMV's exit from the German retail fuel market,” the firm announced.
The Cerha Hempel team included Partners Clemens Hasenauer, Harald Stingl, and Lorenz Pracht, Senior Associate Alexander Reich-Rohrwig, and Associate Svitlana Kuzmenko.
OMV’s in-house team was led by Bernhard Moerth.
Editor's Note: After this article was published, Cerha Hempel informed CEE Legal Matters that the Hamburg office of SKW Schwarz advised the PKN Orlen Group.