MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL) signed a preliminary agreement to acquire LOTOS Paliwa Sp. z o.o. from Grupa LOTOS S.A. (WSE:LTS) for $610 million on January 12, 2022. The agreed total purchase price amounts to $610 million, the sum of a cash consideration and a financial lease liability in relation to the purchase transaction. The sale and purchase prices are subject to net debt and working capital adjustments upon closing. Closing of the transaction is subject to, among others, obtaining the approval of the European Commission. The deals are expected to be closed within 12 months. CMS acted as legal advisor to MOL Magyar.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL) completed the acquisition of LOTOS Paliwa Sp. z o.o. from Grupa LOTOS S.A. (WSE:LTS) on December 1, 2022.