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Hogan Lovells advises MOL on USD 375 million acquisition in North Sea

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Hogan Lovells has advised MOL Group on its agreement to acquire the entire issued share capital of Wintershall (UK North Sea) Limited for a base consideration of USD 375 million.

The final value of the transaction is subject to adjustment at closing, subject to the approval of the Department of Energy & Climate Change (DECC) and the consent of third party partners related to the ownership interests. 

MOL Group is a leading integrated Central & East European oil and gas corporation, listed on both the Budapest Stock Exchange and the Warsaw Stock Exchange, with an extensive international upstream portfolio of oil and gas exploration activities in 12 countries and valuable producing assets in 7 countries.

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.