Joma Industrial Source Corporation, British Virgin Islands has indirectly acquired a stake of 47.70 per cent of C.A.T. oil AG, which is domiciled in Vienna and listed in Frankfurt and which provides services for the oil and gas industry in Russia and Kazakhstan.

The mandatory offer, which is required for that reason, values the share capital at a total of €743 million and was published after approval by the BaFin on 11 December 2014. The acceptance period runs until 8 January 2015.

Hengeler Mueller advises the bidder in an integrated team with Wolf Theiss (Austria) and Andreas Neocleous & Co LLC (Cyprus).

The Hengeler Mueller team includes partners Maximilian Schiessl, Bernd Wirbel (both Corporate/M&A), Reinhold Ernst (Capital Markets) (all Düsseldorf) and Christian Schmies (Regulatory, Frankfurt) as well as the associates Dennis Schlottmann (Corporate/M&A, Düsseldorf) and Marco Brand (Regulatory, Frankfurt).