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CERHA HEMPEL advises OMV on the sale of OMV's filling station business in Germany

CERHA HEMPEL Rechtsanwälte GmbH has advised OMV as transaction counsel in connection with the sale of OMV's filling station business in Germany to the British EG Group.

CERHA HEMPEL Rechtsanwälte GmbH has advised OMV as transaction counsel in connection with the sale of OMV's filling station business in Germany to the British EG Group. The purchase price for the 285 filling stations in southern Germany with focus on Bavaria and Baden-Württemberg amounts to EUR 485 million and is subject to customary net working capital and net debt adjustments at closing.

The transaction is subject to required regulatory approvals and closing is expected in 2021.

The OMV Legal transaction team consisted of Dr. Bernhard Mörth and Elisabeth Kirrer.

The CERHA HEMPEL team led by Dr. Clemens Hasenauer, LL.M./MBA, Head of Department Corporate Transactions, provided comprehensive legal advice to OMV regarding the transaction. Clemens Hasenauer commented: "The transaction once again highlights the effective and high quality advice of our dedicated CERHA HEMPEL team as well as our expertise as transaction lawyers in complex international M&A projects."

In addition to Dr. Clemens Hasenauer (Partner, Corporate and M&A), the CERHA HEMPEL team consisted of Dr. Harald Stingl (Partner, Corporate and M&A), Lorenz Pracht (Partner, Corporate and M&A), Dr. Michael Mayr (Partner, Antitrust and Competition Law), Dr. Alexander Reich-Rohrwig, Ferdinand Guggenmos (both senior associates, Corporate and M&A), Stefanie Präauer, Michael Ebner and Julia Digruber (all associates; Corporate and M&A).

Dr. Christoph Louven, Dr. Tobias Böckmann, Dr. Christoph Küppers, Tobias Flasbarth, Dr. Tobias Strohmeier, Dr. Richard Reimer, Dr. Marcus Schreibauer, Dr. Tim Joppich, Sebastian Gräler, Thomas Frank, Sarah-Lena Kreutzmann, Sarah Wrage and Annika Weber, all Hogan Lovells International LLP, acted as further legal advisors (German law) for OMV.