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.