The sale of all of OMV's shares in the Turkish mineral oil distribution company OMV Petrol Ofisi AS (Petrol Ofisi) to Vitol Group has been successfully completed on 13 June 2017. The overall transaction volume amounts to more than EUR 1.3 bn. The completion marks a further milestone in OMV´s successful delivery on its corporate strategy.
CHSH advised OMV also in connection with the closing of the transaction. The CHSH M&A team under the lead of Clemens Hasenauer, Head of Department Corporate Transactions, acted as Austrian transaction counsel for OMV. The OMV in-house legal team was led by Andreas Aigner, Head of M&A Legal, and Michael Riegler, Senior Counsel M&A Legal.
Besides Clemens Hasenauer (Partner; Corporate and M&A) the CHSH deal team consisted inter alia of Johannes Prinz (Partner; M&A and Tax), Bernhard Kofler-Senoner (Partner; Antitrust and Competition), Lorenz Pracht (Senior Attorney; Corporate and M&A), Michael Mayer (Senior Attorney, Antitrust and Competiton) and Julia Berent (Associate; Corporate and M&A).
As further legal advisors Selim Keki and Tulû Harsa, both Balcıoğlu Selçuk Akman Keki Avukatlık Ortaklığı (Turkish law), were acting for OMV.