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CERHA HEMPEL advises OMV on the sale of its 51% stake in GCA

CERHA HEMPEL Rechtsanwälte GmbH advised OMV on the sale of its 51% stake in GAS CONNECT AUSTRIA GmbH (GCA) to Verbund AG.

CERHA HEMPEL Rechtsanwälte GmbH advised OMV on the sale of its 51% stake in GAS CONNECT AUSTRIA GmbH (GCA) to Verbund AG. The transaction is expected to be completed not before the first half of 2021 in light of the required regulatory approvals and permits.

The OMV In-house Legal Team was led by Andreas Aigner, Vice President M&A Legal and included Bernhard Mörth (Senior Counsel M&A Legal) and Matthias Allerstorfer (Advisor M&A Legal). Andreas Aigner: "I am delighted that we were able to successfully conclude this important divestment for OMV in the current difficult environment."

The CERHA HEMPEL team led by Clemens Hasenauer, Head of Department Corporate Transactions, provided OMV with comprehensive legal advice on the transaction. Clemens Hasenauer comments: "The successful and efficient sale of the GCA shares demonstrates particularly well the ability of our dedicated team to provide effective and high quality transactional advice."

Besides Clemens Hasenauer (Partner, Corporate and M&A), the CERHA HEMPEL team consisted of Johannes Prinz (Partner, Corporate and Tax), Harald Stingl (Partner, Corporate and M&A), Lorenz Pracht (Partner, M&A and Regulatory), Alexander Reich-Rohrwig (Senior Associate, Corporate and M&A), Ferdinand Guggenmos (Senior Associate, M&A and Tax), Michael Ebner, Julia Digruber, Stefanie Präauer and Denise Runceanu (all Junior Associates, Corporate and M&A).