CMS has advised the MOL Group on its sale of 185 service stations located in Hungary and Slovakia to PKN Orlen for a total of USD 259 million. Baker McKenzie advised PKN Orlen.
According to CMS, the assets include 144 fuel stations in Hungary and 41 stations in Slovakia.
CMS' team included Partners Lukasz Szatkowski, Blazej Zagorski, Rafal Zwierz, Piotr Ciolkowski, Malgorzata Urbanska, Agnieszka Skorupinska, Eva Talmacsi, and Helen Rodwell, Senior Associates Rafal Burda, Piotr Prawda, Magdalena Zmyslowska, Grzegorz Paczek, Adam Kedziora, Jagoda Nowakowska, Eliska Copland, Krzysztof Sikora, Wojciech Szopinski, and Maciej Olejnik, and Associates Szymon Klimkowski, Anis Ben Amer, Pawel Ura, Michal Tutaj, Mateusz Mazur, Patrycja Styczynska, and Moritz Kopka.
Baker McKenzie's team was led by Warsaw-based Partners Magdalena Nasilowska and Tomasz Krzyzowski and included Senior Associate Pawel Jaros; Budapest-based Partner Akos Fehervary and Associates Daniel Orosz, Botond Tass, and Zsofia Tillinger; Prague-based Partner Tomas Skoumal and Senior Associate Michal Simcina; Bratislava-based Partners Lubomir Marek and Tibor Sovcik from Baker Mckenzie's corresponding law firm of Marek Partners; with the assistance of a further team in London.
The transaction was part of a broader asset swap between MOL and PKN Orlen, following the latter's planned merger with Grupa Lotos.