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CMS Advises Nafta on Acquisition of Uzhhorod Gas Field Company

CMS Advises Nafta on Acquisition of Uzhhorod Gas Field Company

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CMS has advised Slovakia's Nafta International on the buyout of its joint venture partner Cub Energy to become the sole owner of the Ukrainian company holding a license for the exploration and production of hydrocarbons near Uzhhorod.

According to CMS, "the Uzhhorod license, covering 300 square kilometers, is a geological continuation of much-explored areas in eastern Slovakia and is on trend with discoveries in Slovakia."

Nafta International is a Slovak oil and gas exploration, production, and storage company. In addition to Slovakia, the company is present in the Czech Republic, Germany, Great Britain, Austria, and Ukraine.

The CMS team was led by Partners Vitaliy Radchenko, Tetyana Dovgan, and Olga Belyakova and included Ukraine-based Senior Associates Louise Cakar, Mariana Saienko, and Mykola Heletiy, Lawyers Denys Hatseniuk and Oleksandr Sytnyk, Associates Ihor Pavliukov, Anatolii Doludenko, and Ivan Pshyk, and UK-based Senior Associates William Anderson and Rory Thomson.

CMS did not respond to our inquiry on the matter.