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Baker McKenzie Advises MET Group on Divestment from Tigaz

Baker McKenzie Advises MET Group on Divestment from Tigaz

Hungary
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The Budapest office of Baker McKenzie has advised the MET Group on its divestment from Tigaz Zrt via the sale of 50% of the shares in MS Energy Holding AG, representing a 49.57% stake in Tigaz, to Opus Global Nyrt. Kertesz & Partners reportedly advised the buyer.

Baker McKenzie described the deal as "a major transaction on the Hungarian energy market, as Tigaz is Hungary’s largest pipeline natural gas distributor." Within the framework of the transaction, MET also acquired a 77 MWp photovoltaic power plant project in the Hungarian municipality of Buzsak from Opus Global.

The transaction closed on March 31, 2021. Financial details were not disclosed.

The MET Group is a Switzerland-based energy company that primarily focuses on the natural gas, power, and oil markets. The company was founded in 2007 and currently employs around 1,600 people in 15 European countries.

Baker McKenzie's team was led by Partner Akos Fehervary and was primarily managed by Associate Daniel Orosz.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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