Kapolyi Law Firm has advised the ReMat on its sale to MOL Group. Oppenheim Law Firm reportedly advised the buyer.
MOL Group is a Budapest-headquartered international oil and gas company with operations in over 30 countries and employs 25,000 people worldwide.
ReMat is a Hungarian plastics recycling company, with production plants located in Tiszaujvaros and Rakamaz, Hungary, and a logistics hub in Bratislava, Slovakia.
"We have come a long way since our foundation and are incredibly proud to be a pioneer within Hungary’s plastic recycling industry," ReMat CEO Laszlo Olasz commented. "Over the last two decades, we have invested in state-of-the-art facilities and constantly expanded our processing capacities capable of supporting Hungary’s obligations towards the European Union regarding plastic recycling. We are excited to be joining MOL and look forward to continuing to drive growth for this attractive business."
The Kapolyi Law Firm team included Managing Partner Jozsef Kapolyi, Senior Attorney-at-Law Gabor Horvath, and Attorney-at-Law Zoltan Banki.