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On December 1, 2022, SMM Legal announced that MOL's acquisition of Lotos Paliwa (reported by CEE Legal Matters on February 2, 2022) had closed. Subsequently, Baker McKenzie announced that Orlen Unipetrol's acquisition of Hungarian petrol stations from MOL (reported by CEE Legal Matters on February 1, 2022) had closed as well. 

SSW Pragmatic Solutions and Rymarz Zdort have advised PGNiG on its merger with PKN Orlen. Gide Loyrette Nouel and Ellex advised PKN Orlen. Kwasnicki Wrobel & Partnerzy advised both companies' general shareholders' meetings and represented Orlen for the registration of the merger. White & Case advised joint lead manager Citigroup Global Markets Europe and SMM Legal advised Orlen on WSE-related matters. 

Freshfields Bruckhaus Deringer, Rymarz Zdort, and Filip & Company have advised One Equity Partners on its acquisition of Muehlhan’s European and US businesses. Reportedly, Eversheds Sutherland member firm Tsvetkova, Bebov & Partners advised the buyer in Bulgaria, while Bech-Bruun, Georgiades & Pelides, and CLP advised the buyer in Denmark, Cyprus, and Norway.

Rymarz Zdort has advised Polskie Gornictwo Naftowe i Gazownictwo on a number of gas sales agreements with Equinor for natural gas from the Norwegian continental shelf to be delivered to Poland via the Baltic Pipe gas pipeline, through Denmark. 

SSW Pragmatic Solutions has advised the Avallon MBO PE Fund on the full disposal of its stake in Novo Tech to Isosport Verbundbauteile Gesellschaft of the Constantia Industries group. Masiota advised the buyers. Filip & Company and MVVP reportedly also advised Avallon. SRG Stock Rafaseder Gruszkiewicz and Maruta Wachta reportedly also advised the buyers.

While the deal looked almost impossible at first, with European Commission officials hawkish about its competition implications, PKN Orlen’s acquisition of Grupa Lotos eventually came to pass. For the two Polish energy leviathans the path towards unification was not an easy one, but that goal became a lot nearer following the EC’s 2020 approval. To learn more about the merger and how it managed to beat the odds we spoke to SMM Legal Managing Partner Maciej Mataczynski and Rymarz Zdort Managing Partner Pawel Rymarz.

Former Counsels Michal Kulesza and Michal Pekala have been promoted to Partner at Maruta Wachta, with Kulesza leading the firm’s Financial Regulation and Technology Team, and Pekala being the Head of the Video Games & Entertainment Team.

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