Hogan Lovells has advised Hungarian oil and gas company MOL on the sale of its 49% stake in Eneos MOL Synthetic Rubber to Japan-based Eneos Materials Corporation. Oppenheim, working with Freshfields Bruckhaus Deringer, advised Eneos Materials Corporation.
EMSR specializes in the production of synthetic rubber, a key component in tire manufacturing and other industrial applications.
According to Hogan Lovells, upon completion of the transaction, ENEOS will own 100% of EMSR. Under the terms of the agreement, EMSR will continue its production activities at the Tiszaujvaros plant in Hungary. MOL will remain a feedstock supplier as well as a provider of utilities and services to EMSR.
The Hogan Lovells team included Partner Sandor Bekesi and Senior Associate Zoltan Molnar.
The Oppenheim team included Partners Mihaly Barcza, Tamas Eless, and Istvan Szatmary, Senior Counsel Peter Virag, Counsel Barna Fazekas, Senior Associate Sarolta Szabo, and Junior Associates Patrik Pazmandi and Lilla Toth.
