Dentons, Suciu Popa and Deloitte Romania assisted ROMGAZ as consultants in the transaction to purchase all shares issued by EMEPRL
S.N.G.N. ROMGAZ S.A. (ROMGAZ), the largest natural gas producer of Romania, has signed the Share Purchase Agreement of all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited (EMEPRL) holding 50% of the rights and obligations under the Petroleum Agreement for the East Area, Deep Water Zone, of the Black Sea XIX Neptun offshore block.
Dentons and Suciu Popa și Asociații have assisted ROMGAZ on the legal part of the transaction by performing, inter alia, an extensive exercise of legal due-diligence of the target company and its assets, and they ensured legal consultancy during the entire negotiation period of the sale and purchase agreement.
Deloitte Romania provided assessment services of EMEPRL’s participation, fiscal and financial due-diligence and fiscal assistance in relation to the transaction.
More information and official statements can be found in the document below: