Deals of the year Energy

Newsroom 11/12/2013 | 06:00

Romania’s market for mergers & acquisitions (M&A) has remained at around EUR 1 billion in 2013, driven by deals in the banking and renewable sector, although big investors have held back and are carefully planning moves for next year, say deal makers.

By Ovidiu Posirca


Gazprom Neft buys Romanian bunkering operator

Value of transaction: Not made public

Legal team, buyer: Wolf Theiss

Legal team, seller: Not applicable

Gazpromneft Marine Bunker, part of Russian oil and gas giant Gazprom Neft, acquired the Romanian bunkering operator Marine Bunker Balkan, which is based in the Black Sea. The Gazprom Neft subsidiary supplies bunker fuel for marine and river vessels. The company is a leading operator in the bunker market and is present in all the major Russian ports.



NIS Petrol buys two petrol stations, eight land plots in Romania

Value of transaction: Not made public

Legal team, buyer: Tuca Zbarcea & Asociatii

Legal team, seller: Not applicable

NIS Petrol, the local subsidiary of Gazprom Group, acquired two petrol stations and eight plots of land suitable for the construction of petrol stations. The Romanian unit of Serbia’s Naftna Industrija Srbije (NIS) is controlled by Russian oil group Gazprom Neft. According to media reports, NIS Petrol plans to reach a network of 120 petrol stations in Romania by the end of 2014.


Oltenia Energy Holding completes merger

Value of transaction: Not made public

Legal team, absorbing company: Zamfirescu Racoti & Partners

The Oltenia Energy Holding, a state-owned group active in the energy sector, absorbed another state-owned company, Societatea Nationala a Huilei Petrosani. The authorities aim to sell a minority stake in the holding on the Bucharest Stock Exchange in the first half of 2014.


OMV Petrom sells Petrom Distributie Gaze to Ligatne

Value of transaction: Not made public

Legal team, buyer: Not made public

Legal team, seller: DLA Piper

Oil and gas producer OMV Petrom sold its non-core gas distribution company Petrom Distributie Gaze (PDG) to Cyprus-based Ligatne as part of its strategy to optimize downstream operations. Ligatne’s parent company controls Gaz Sud and Grup Dezvoltare Retele (GDR), which serve over 22,000 clients in areas around Bucharest through a distribution network of approximately 700 kilometers.


State and Rompetrol Group strike Rompetrol Rafinare share deal

Value of transaction: EUR 600 million

Legal team, buyer: NNDKP and Tuca Zbarcea & Asociatii

Legal team, seller: Not made public

The Rompetrol Group, the oil major controlled by KazMunaiGaz, and the Romanian state decided to settle a EUR 600 million dispute by entering into a long-term partnership that could include the state’s acquisition of shares in Rompetrol Rafinare, the owner and operator of one of the biggest crude oil refineries in Romania, and the development of joint investments in the energy sector.


ExxonMobil in farm-in deal over Black Sea block

Value of transaction: around EUR 100 million

Legal team, buyer: NNDKP

Legal team, seller: Musat & Asociatii advised one of the sellers

American oil giant ExxonMobil began the farm-in process at an important offshore oil and natural gas concession, as part of ExxonMobil’s strategy of expanding its oil and gas activities in the Black Sea.

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