Cerha Hempel and Hogan Lovells Dusseldorf have advised OMV on the sale of its filling station business in Germany to Britain's EG Group. Latham & Watkins reportedly advised EG Group on the deal, which remains subject to regulatory approval.
The purchase price for the 285 filling stations in southern Germany is EUR 485 million, subject to customary net working capital and net debt adjustments at closing.
Cerha Hempel’s team included Partners Clemens Hasenauer, Harald Stingl, Lorenz Pracht, and Michael Mayr, Senior Associates Alexander Reich-Rohrwig and Ferdinand Guggenmos, and Associates Stefanie Praauer, Michael Ebner, and Julia Digruber.