Baker McKenzie Budapest advised MET Group regarding its divestment in TIGÁZ Zrt. On 11 March 2021, MET Group signed a share purchase agreement with OPUS GLOBAL Nyrt., selling its 50% shareholding in MS Energy Holding AG, representing a 49,57% stake in TIGÁZ Zrt. The transaction was completed on 31 March 2021.
The matter is a major transaction on the Hungarian energy market, as TIGÁZ is Hungary’s largest pipeline natural gas distributor, operating in the north-eastern region of the country as a natural gas distribution licensee, which operates the longest network of more than 33 thousand kilometres in Hungary. In the framework of the same transaction, MET acquired a 77 MWp photovoltaic power plant project from OPUS GLOBAL Nyrt. in the Hungarian municipality of Buzsák. The acquisition of this greenfield solar power plant project in a ready-to-build status was also completed on 31 March 2021.
Baker McKenzie's team was led by Co-Head of Corporate/M&A, Ákos Fehérváry and was primarily managed by senior M&A and energy attorney, Dániel Orosz
