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Bird & Bird Warsaw Advises on Two Oil & Gas M&A Transactions

Bird & Bird Warsaw Advises on Two Oil & Gas M&A Transactions

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Bird & Bird's Warsaw office has advised BNK Petroleum Inc., a North American oil & gas enterprise listed on the Toronto Stock Exchange, on the shutting down of its operations in Poland.

As part of the process, Bird & Bird advised on two now-successfully-closed M&A transactions in which BNK disposed of its Polish natural gas exploration SPVs by selling them to an unidentified Polish privately held capital group that is increasing its oil & gas industry presence. Apart from the general corporate and M&A work, Bird & Bird's advisory also entailed complex restructuring of the SPVs, as well as restructuring of the asset portfolio.

According to Bird & Bird, BNK "had been very active [in Poland] since 2009 having drilled several oil & gas exploration wells, as well as acquiring hundreds of kilometers of seismic data."

Bird & Bird's key lawyers involved in the transactions and the overall shutdown process were Counsel Andrzej Nentwig, who commented that "much as it is unfortunate to see another upstream oil & gas investor leave Poland, it was nonetheless a great pleasure representing BNK Petroleum Inc. in a deal that confirms our in-depth expertise in the oil & gas industry in Poland. 

Nentwig was assisted by Bird & Bird Partner Rafal Dziedzic, Senior Associate Andrzej Walkiewicz, and Associate Lukasz Petelski.

Poland Knowledge Partner

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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