GDF SUEZ Energy became majority shareholder of Congaz, by increasing its shareholding from 28.59% up to 85.77%. This transaction was announced at the end of last month and received a favorable endorsement from the Competition Council. GDF SUEZ Energy România purchased both the shareholding of OMV Petrom SA and the one held by E.ON Ruhrgas International.
During this transaction which also required the merger control clearance from the Competition Council, GDF SUEZ Energy was assisted by lawyers of Bondoc si Asociatii SCA. The multidisciplinary lawyer-team of this dynamic law firm (which also has a formal alliance with White & Case LLP regarding Romania) was coordinated by Lucian Bondoc, Managing Partner, and winner of the 2014 ILO Client Choice in the Corporate area.
This acquisition is certainly one of the most important in the sector this year.