April 2026 – We are proud to have advised Hungarian oil and gas company MOL Plc. on its transformation into a holding entity—the largest corporate restructuring to date in Hungary. The transaction was exceptional in both scale and complexity, making it a rare event in the Hungarian market. Kinstellar’s Budapest office is privileged to have assisted MOL in this significant transformation.
As part of the demerger, MOL transferred its upstream, downstream, and retail businesses into three newly established operating companies, each wholly owned by MOL Plc. The holding structure enables the full legal separation of business activities‚—streamlining operational complexity and supporting more autonomous decision-making of the businesses—while ensuring continued strategic oversight and control.
Assets worth billions of euros were transferred to the operating companies as a result of the demerger, including real estate, property rights, shareholdings, movable assets, and IP and contractual rights.
Kinstellar’s team was led by Partner Gábor Gelencsér (Corporate and M&A) and Managing Associate Áron Barta (Corporate and M&A) and included Associate Judit Sós (Corporate and M&A), supported by Managing Associate Péter Gullai (Energy and Natural Resources), Senior Associate Bertalan Ványa (Real Estate), Junior Associate Barnabás Hábel (Corporate and M&A), and many other colleagues across the firm.