Baker McKenzie has advised Belgian energy supplier OCTA+ with a consolidated turnover of 510 million euros on the sale of its entire network of gas stations to MAES Energy & Mobility, subject to the approval by the Belgian Competition Authority, (which is expected in the coming months).

The sale of 156 OCTA+ gas stations will enable OCTA+ to strengthen its transition from multi-energy supplier to a supplier of all-in solutions and services for energy and (electro) mobility and to continue to invest in electricity, natural gas and fuel oil through OCTA+, in electromobility via Blue Corner and in mobility through the start-up Modalizy and the HybridCard fuel card.

On the other side, this takeover will enable MAES to establish a direct presence in Brussels and Wallonia and to reinforce its network in Flanders, expanding its portfolio from 125 to 280 petrol stations and becoming one of the largest Belgian players on the market.

The Baker McKenzie Brussels team advising OCTA+ included M&A expert lawyers led by Koen Vanhaerents and supported by Kim Stas, while BNP Paribas Fortis Corporate Finance acted as M&A advisor.

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