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Press Release Press Release

Wolf Theiss advises Panoro Group on the acquisition of OMV’s upstream business

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.

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