Latham & Watkins LLP advised EG Group on the acquisition of OMV’s filling station business in Germany. The purchase price amounts to €485 million. The transaction is subject to required regulatory approvals and closing is expected in 2021.
The agreement encompasses 285 filling stations in southern Germany with a focus on Bavaria and Baden-Württemberg. The acquisition will expand EG’s presence in Germany, where EG already operates sites under the ESSO fuel brand.
Founded in 2001 by the brothers Mohsin and Zuber Issa, EG Group now runs more than 6,000 sites across Europe, the US, and Australia, employing more than 45,000 staff.
Latham & Watkins LLP represented EG Group on this transaction with a team led by Frankfurt partner Oliver Felsenstein, with associates Maximilian Platzer and Sophia Probst, counsel Christina Mann, and Düsseldorf associates Katharina Intfeld, Alexander B. M. Belk, Florian Feistle, and Steffen Augschill. Advice was also provided on antitrust matters by Brussels partner Sven Völcker, Frankfurt partner Max Hauser, associate Anne Haas, Brussels associates Robert Benditz and Sebastian Sohn, and Hamburg counsel Jana Dammann de Chapto; on regulatory matters by Frankfurt associate Alexander Wilhelm; on data privacy matters by associate Wolf-Tassilo Böhm; on employment matters by Munich partner Tobias Leder and associate Kristina Steckermeier; on finance matters by Frankfurt partner Axel Schiemann and London partner Francesco Lione; on tax matters by Munich partner Stefan Süß and counsel Ulf Kieker.