Weil represented MOL, an integrated, international oil and gas company, and one of the largest corporates headquartered in Budapest, Hungary, in the acquisition of a majority interest in the OT INDUSTRIES Group, a key market participant of the Central and Eastern European oil and gas industry with its main profile in EPC (Engineering, Procurement, Construction) project implementation. The transaction also involved a joint venture arrangement between MOL and the minority shareholder. The transaction closed on January 31, 2017.

The Budapest office of Weil is regularly involved in high profile M&A transactions in the Hungarian market and has represented major market players in the energy sector, such as CEZ, Alteo, MVM, ENKSZ and O&GD. Notable recent representations in the energy sector include advising MVM (Hungarian Electricity Works) on the acquisition of Fogaz (Budapest Gas Works) and representing UGI Corporation, a Fortune 500 company in relation to the acquisition of TOTAL Group's liquefied petroleum gas (LPG) business.

The Budapest team includes partner Konrad Siegler, M&A counsel Pal Szabo and associates Daria Szabo and Daniel Racz. Competition advice was provided by competition special counsel Laszlo Zlatarov.