Acting as transaction counsel, CERHA HEMPEL advised OMV on all legal matters relating to the sale of its AVANTI service station network in Germany to the PKN Orlen Group, a Polish energy group.
OMV Downstream GmbH, a wholly-owned Austrian subsidiary of publicly listed OMV AG, has sold 100% of its shares in AVANTI Deutschland GmbH, which operates AVANTI service stations in Southern Germany, to Orlen Deutschland GmbH.
Closing took place on 31 May 2023. Last year, OMV sold the service station network it had previously operated in Germany under its OMV core brand to the British EG Group. Following the divestment of the OMV network in Germany, the sale of its AVANTI service stations in Germany now completes OMV's exit from the German retail fuel market.
This successful transaction cements CERHA HEMPEL's position as one of the leading legal advisors in the energy sector, among others, and it also underlines the firm's commitment to supporting its clients during complex and strategically important transactions.
The team at CERHA HEMPEL, led by Dr. Clemens Hasenauer LL.M./MBA (Partner, Corporate/M&A) and Dr. Harald Stingl LL.M. (Partner, Corporate/M&A), consisted of Dr. Alexander Reich-Rohrwig (Senior Associate, Corporate/M&A), Mag. Lorenz Pracht, LL.M. (Partner, Corporate/M&A) and Svitlana Kuzmenko (Associate, Corporate/M&A).
OMV was advised in-house by Bernhard Mörth, M&A Legal Representative.