CERHA HEMPEL Rechtsanwälte GmbH advised OMV in connection with the purchase of an additional 39% stake in Borealis AG from Mubadala for a purchase price of USD 4.68 billion. This is not only the largest transaction in OMV's history, but also one of the largest M&A deals ever in Austria.
Following approval by the competent competition authorities, the share purchase agreement signed in March 2020 has now successfully been closed. OMV, which already held 36% of the shares in Borealis so far, has thereby increased its stake in Borealis to 75%.
The CERHA HEMPEL team consisted of Clemens Hasenauer (Partner; Corporate and M&A), Johannes Prinz (Partner; M&A and Tax), Harald Stingl (Partner; Corporate and M&A), Lorenz Pracht (Partner; Corporate and M&A), Alexander Reich-Rohrwig (Attorney at Law; Corporate and M&A), Ferdinand Guggenmos (Attorney at Law; M&A and Tax), Michael Ebner, Julia Digruber and Denise Runceanu (all Associates; Corporate and M&A).