Cerha Hempel and Schoenherr advised OMV on the acquisition of a 39% stake in Borealis AG from Mubadala for USD 4.68 billion. Allen & Overy, Eisenberger & Herzog, and Binder Groesswang advised Mubadala on the transaction, which remains subject to regulatory approval and is expected to be completed by the end of 2020.
As a result of the acquisition OMV, which currently holds 36% of Borealis, will increase its stake to 75%.
Cerha Hempel’s team included Partners Clemens Hasenauer, Johannes Prinz, Harald Stingl, and Lorenz Pracht, Attorney Alexander Reich-Rohrwig, and Associates Ferdinand Guggenmos, Michael Ebner, and Julia Digruber.
Schoenherr's team included Partner Franz Urlesberger and Associates Johannes Frank and Bianca Duca.
Eisenberger & Herzog's team included Partners Peter Winkler, Nidal Karaman, and Jana Eichmeyer and Associates Philipp Schrader, Martin Zankl, and Claudia Kendlbacher.
Binder Groesswang's team included Partners Christian Wimpissinger, Andreas Hable, Thomas Schirmer, and Philipp Kapl and Associates Clemens Willvonseder, Alexandra Hochegger, and Moritz Salzgeber.