OMV Refining & Marketing GmbH has sold its Italian subsidiary to San Marco Petroli S.p.A. fwp’s M&A team, headed by partner Markus Fellner, together with Florian L. Kranebitter, legally structured, negotiated and accompanied the transaction.
Together with the sale of the Italian subsidiary and the sale of filling stations within the framework of the structured optimisation process in Austria, 200 filling station sites were sold.
On the Italian side, the transaction was accompanied by the Milan office of fwp’s network partner Dewey & LeBoeuf LLP. For this transaction, fwp made use of its tried and tested network of partner law firms abroad and once more demonstrated its competence as an international top player in the field of cross-border transactions.
The structure of the transaction and its contractual implementation, which involved several parallel processes, required well-founded business and transaction experience as well as sound negotiation skills. “Complex distribution structures, nearly 100 filling station sites in Italy and the special legal status of filling stations represented exceptional challenges for our legal analysis," Markus Fellner explains.