Allen & Overy advises on the disposal of Eni’s assets in the CEE region
Allen & Overy has announced that it is advising Eni SpA on the sale of Eni’s stake in the Czech Republic’s sole refinery, Česká rafinérská, to Hungarian oil and gas group MOL.
The firm also advised on the sale of Eni’s wholly owned downstream oil affiliates (Eni Ceska Republika, Eni Slovensko and Eni Romania) operating more than 200 Agip-branded petrol stations in the Czech Republic, Slovakia and Romania.
The sale of Eni’s 32.44 per cent stake in Česká rafinérská is subject to the right of first refusal of Unipetrol (controlled by PKN Orlen), the other shareholder in Česká rafinérská.
Prague-based managing partner for Central Europe Jane Townsend led the Allen & Overy team, assisted by senior associate Magda Pokorná. Specialist employment advice was provided by associate Ondřej Kramoliš.
Senior associate Vojtech Palinkáš advised on the Slovak aspects of the transactions, while RTPR Allen & Overy managing partner Costin Taracila (with support from senior associate Anca Rusu) advised on the Romanian aspects of the disposals.
The Allen & Overy team worked closely throughout the transaction with the Eni legal team led by Alessandro Benedetti, manager of international refining and marketing business legal assistance. Domenico Durante, Eni’s senior vice-president for antitrust and regulatory legal assistance, advised on the competition law aspects of the transactions.
The transactions are subject to merger clearance in a number of jurisdictions.
News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
Consultations released on implementation of energy efficiency regulation of the private rented sector
The Department for Energy & Climate Change has published the long-awaited consultation on implementing the provisions of the Energy Act 2011.
The Court of Appeal has overturned a High Court judge’s decision to add words to a non-compete restriction, which had originally offered the employer very little protection.
Analysis from The Lawyer
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?
The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.