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Dentons Advises GDF SUEZ on Sale to Fogaz in Hungary

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Dentons has advised GDF Suez on the sale of 99.93 per cent stake in its universal gas trading company in Hungary — GDF SUEZ Energia Magyarorszag Zrt. — to the state-owned gas distributor Fogaz Zrt. The buyer was advised by Baker & McKenzie.

The financial terms of the deal — which was originally announced by Fogaz on September 4, 2015 — were not made public.

Anita Horvath, lead Partner on the deal from Dentons, commented: "We are very proud to have had the opportunity to support GDF SUEZ in this transaction. This deal is a great example of Dentons’ ability to liaise at the highest level with major multinationals, while capitalizing on local ties, and deep understanding of the domestic regulatory and business landscape.”

Aside from Horvath, the Dentons team working on the deal included Counsel Balazs Fazekas and Associates Balazs Varszeghi, Tunde Gonczol, Marton Kertesz, and Eszter Fodor.

Baker & McKenzie did not respond to our request for confirmation or comment.