Hengeler Mueller advises Joma Industrial Source Corporation on C.A.T. oil takeover

11. December 2014

On 27 October 2014, Joma Industrial Source Corporation, British Virgin Islands, indirectly acquired a stake of 47.7% 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 EUR 743 m 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).