Schoenherr has advised Adriaplin d.o.o., the Slovenian subsidiary of Eni S.p.A., on its acquisition of Mestni Plinovodi d.o.o., a natural gas distribution network operator and gas supplier, from a consortium of sellers consisting of gas distributors Ireti and ACSM-AGAM from Italy and Istrabenz Plini from Slovenia. The sellers' advisor was Bettini Formigaro Pericu.
The share purchase agreement was signed on December 22, 2017 and, following the fulfillment of the underlying conditions precedent (including merger control clearance), the transaction closed on March 9, 2018.
Adriaplin is a natural gas distributor and distribution system operator in Slovenia. As a subsidiary of Italian energy company ENI, Adriaplin supplies about 80 million cubic meters of natural gas annually to more than 13,500 customers in Slovenia. As a distribution system operator, Adriaplin has built about 500 kilometers of gas pipelines, and continues to develop and maintain its gas network.
Schoenherr's advisory team was led by Partner Bojan Brezan, supported by Attorneys Marko Frantar and Matej Crnilec and Associates Jan Primozic, Misa Tominec, and Ursa Kranjc.
The Bettini Formigaro Pericu team was coordinated by Partner Andrea Pericu, assisted by Senior Associates Gabriele Marino Noberasco and Cristina Grana.