Wolf Theiss

Wolf Theiss advises Panoro Group on the Acquisition of OMV's Upstream Business

Vienna – 12 November 2018 - Panoro Energy ASA relied on the expertise of Wolf Theiss on the acquisition of OMV’s 100% owned subsidiary Tunisia Upstream GmbH. The signing took place on 7 November 2018. The agreed purchase price amounts to USD 65 mn.

Wolf Theiss advised the client in connection with Due Diligence, Share Purchase Agreement as well as financing of the Acquisition from an Austrian law perspective. Partner Sarah Wared (Corporate/M&A) led the Wolf Theiss team consisting of Partner Horst Ebhardt (Corporate/M&A), Partner Christian Mikosch (Corporate/M&A) as well as Associates Vilma Kivilahti and Georg Harer (Banking & Finance).

“We are proud to support Panoro Group as legal adviser with this strategic acquisition and expansion which complements Panoro Group’s existing business in Tunisia,” Sarah Wared says.

Panoro Energy ASA is an Oslo-listed, London-based international independent oil and gas company. The agreement was signed shortly following an equity private placement exercise by Panoro. The agreed purchase price is USD 65 million and is subject to common closing adjustments.

 

For further information please contact

Barbara Fürchtegott
Barbara
Fürchtegott
Public Relations & Communications Manager
T. +43 1 51510 3808
Schubertring 6
1010 Vienna
Austria

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