Veroniki Holding Sells Propangas to Doppler
Deal News | Nov 05, 2024 | Wolf Theiss
Wolf Theiss, a leading law firm, has provided legal counsel to Veroniki Holding SPA on the divestiture of Propangas GmbH. Veroniki Holding, an Italy-based investment firm specializing in liquefied petroleum gas distribution, finalized the sale of its subsidiary, Propangas, to Doppler Beteiligungs GmbH on 31 October 2024. Doppler Beteiligungs serves as the investment division of Austria's Doppler Minerle. Wolf Theiss played a critical role throughout the transaction, offering guidance on deal structure, regulatory compliance, and negotiation facilitation. The law firm's team included experts from Corporate/M&A, Competition/Antitrust, and Real Estate sectors. This strategic sale aligns with Veroniki Holding's potential adjustments in its investment portfolio.
Sectors
- Legal Advisory
- Energy
- Investment
Geography
- Austria – Doppler Beteiligungs, the purchasing company, is based in Austria.
- Italy – Veroniki Holding, the seller, is an Italy-based investment company.
Industry
- Legal Advisory – Wolf Theiss provided legal advisory services in the transaction involving the sale of Propangas.
- Energy – The industry involves the distribution of liquefied petroleum gas, which Veroniki Holding specializes in.
- Investment – Veroniki Holding and Doppler Beteiligungs are both involved in investment activities, reflecting the transaction's nature.
Financials
- – The financial details of the transaction are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Veroniki Holding SPA | Seller | Company | An Italy-based investment company engaged in LPG distribution. |
| Propangas GmbH | Target Company | Company | A wholesaler of liquid gas being sold in the transaction. |
| Doppler Beteiligungs GmbH | Buyer | Company | The Austrian investment arm of Doppler Minerle purchasing Propangas. |
| Wolf Theiss | Legal Advisor | Company | The law firm advising Veroniki Holding on the sale of Propangas. |