Adamant: OMV Acquires Minority Stake in Renewables Firm
Deal News | Feb 11, 2025 | Legal Community Italy
Austrian company OMV Downstream has acquired a minority stake in Adamant Ecodev, the commercial arm of the Italian Adamant Group, which is active in renewable raw materials. This acquisition received approval from the European Commission under EU merger regulations. Legal advisors for the transaction included LCA and Legance, with LCA assisting the sellers and Legance representing OMV.
Sectors
- Renewables
- Legal Services
- Energy
Geography
- Italy – Adamant Ecodev and its parent group, Adamant, are based in Italy.
- Austria – OMV Downstream, the acquiring company, is an Austrian firm.
Industry
- Renewables – The article revolves around the acquisition of a company involved in the renewable raw materials sector.
- Legal Services – The acquisition process involved legal advisory services provided by firms such as LCA and Legance.
- Energy – OMV Downstream operates in the energy sector, indicating a strategic interest in renewable energy.
Financials
- Not disclosed – The article does not disclose the financial terms of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OMV Downstream | Bidding Company | Company | Austrian energy company acquiring a minority stake in Adamant Ecodev. |
| Adamant Ecodev | Target Company | Company | Italian company focused on renewable raw materials, being acquired by OMV. |
| Adamant Group | Seller | Company | Parent group of Adamant Ecodev, based in Italy. |
| LCA Studio Legale | Legal Advisor to Seller | Company | Provided legal services to Adamant for the transaction. |
| Legance | Legal Advisor to Buyer | Company | Provided legal services to OMV for the transaction. |
| Cerha Hempel | Cross-border Legal Advisor | Company | Assisted OMV with cross-border legal matters in the transaction. |