Weil has represented MOL in its acquisition of a majority interest in the OT Industries Group, which Weil describes as "a key market participant of the Central and Eastern European oil and gas industry with its main profile in EPC (Engineering, Procurement, Construction) project implementation."
The transaction, which also involved a joint venture arrangement between MOL and the minority shareholder, closed on January 31, 2017.
Weil's Budapest team includes Partner Konrad Siegler, M&A Counsel Pal Szabo, and Associates Daria Szabo and Daniel Racz. Competition advice was provided by Special Counsel Laszlo Zlatarov.
When contacted by CEE Legal Matters, Weil explained that, following the instructions of MOL, it was unable to provide any additional information on the matter.