Partos & Noblet has advised, as lead counsel, MOL plc, the integrated, international oil and gas company, headquartered in Budapest, Hungary on the acquisition of various Hungarian upstream assets from O&GD.
The assets acquired include O&GD’s 51% stake in three concessions in Central Hungary (Mogyoród, Nagykáta, and Ócsa) where MOL had already been a JV partner since 2023 with a 49% stake. Furthermore, a range of other assets in Eastern Hungary, including 3 gas production concessions and a gas processing facility were also part of the transaction.
The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals.
The twelve strong Partos & Noblet team was led by partner Sándor Békési with assistance from senior associate, Zoltán Molnár. The transaction highlights the capabilities of our firm to manage complex transactions in regulated industries within an ambitious timeframe.