Hogan Lovells advises MOL Group on the acquisition of share capital of Wintershall
Hogan Lovells has advised MOL Group on its agreement to acquire the entire issued share capital of Wintershall (UK North Sea) for a base consideration of $375m (£230m), subject to adjustment at closing.
The closing, which is expected to take place in the first quarter of 2014, is subject to the approval of the Department of Energy & Climate Change (DECC) and the
consent of third-party partners related to the ownership interests.
The acquisition will provide MOL Group with the opportunity to increase its reserves, enhance its offshore experience and acquire a foothold in the attractive North Sea area.
The Hogan Lovells team advising MOL Group was led by London corporate energy partner Steven Bryan and senior associate Oscar Johnson, supported by associates Alex Browning and Matteo Matteucci, with tax advice from of-counsel Andy Treavett and senior associate Fiona Bantock.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The new compensation limits for dismissals taking place on or after 6 April 2014 have been published.
Ever since the Equality Act came in, there has been uncertainty as to whether it covers post-employment victimisation.
Analysis from The Lawyer
When a firm shouts loudly about a landmark merger, as SJ Berwin did when it joined forces with King & Wood Mallesons, departures are always likely to come under the spotlight.
The Lawyer’s latest Top 50 litigation firms list shows that business for dispute specialists is roaring along while new in-depth detail reveals the winning strategies