Atb Sells 85% Stake in Marghera Oil & Gas to Christof Group
Deal News | Mar 17, 2025 | Legal Community Italy
In a strategic move to focus on its core businesses, Atb Group has divested 85% of its stake in Marghera Oil & Gas to Austria's Christof Group. This transaction was facilitated by Pirola Pennuto Zei & associati, who assisted Atb in navigating the complexities of the sale including contractual negotiations, labor relations, and golden power procedures. Christof Group, chosen via a beauty contest process, anticipates strategic and logistical benefits from acquiring Marghera's heavy equipment oil & gas unit and its Porto Marghera site. Legal counsel for Christof was provided by Gianni & Origoni, covering various facets of the acquisition including legal, labor, acquisition finance, and restructuring aspects.
Sectors
- Oil & Gas
- Industrial Machinery
- Legal Advisory
Geography
- Italy – Atb Group and Marghera Oil & Gas are Italian companies, with Marghera's facilities located in Porto Marghera, Italy.
- Austria – Christof Group, the buyer in the transaction, is based in Austria.
Industry
- Oil & Gas – The transaction involves Marghera Oil & Gas, a company focused on the heavy equipment oil & gas sector.
- Industrial Machinery – Atb Group is reorganizing to concentrate on hydro mechanical and nuclear equipment, part of the industrial machinery sector.
- Legal Advisory – Significant legal counsel was required for the transaction, involving intricate contracts and regulatory procedures.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atb Group | Vendor | Company | An Italian industrial group selling 85% of Marghera Oil & Gas. |
| Marghera Oil & Gas | Target company | Company | The company being sold, part of the heavy equipment oil & gas sector. |
| Christof Group | Buyer | Company | An Austrian company acquiring a majority stake in Marghera Oil & Gas. |
| Pirola Pennuto Zei & associati | Legal advisor to Vendor (Atb) | Company | Provided legal and commercial advice to Atb Group during the sale. |
| Gianni & Origoni | Legal advisor to Buyer (Christof) | Company | Provided legal services to Christof Group for the acquisition. |
| Pirola Corporate Finance | Financial advisor to Vendor (Atb) | Company | Served as sole sell-side financial advisor for Atb Group. |