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Kinstellar advises MOL on its restructuring into a holding entity
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
Kinstellar advises MVM on the acquisition of companies in Serbia
We are proud to support MVM, Hungary’s state-owned energy company, in expanding its presence in Serbia. Our Budapest and Belgrade offices jointly advised on the signing of the transaction documents for the acquisition of majority shares in Energotehnika Južna Bačka and Elektromontaža Kraljevo - raising MVM’s share from 33.4% to 60%. Energotehnika Južna Bačka and Elektromontaža Kraljevo are among Serbia’s leading energy infrastructure companies, with decades of experience and strong market reputations. This strategic move reflects MVM’s long-term commitment to the Western Balkans and strengthens its role in the region’s energy infrastructure. Serbia’s geographic position and favorable market conditions
Kinstellar advised MVM on the sale of its telecoms subsidiary MVM NET to Pro-M in Hungary
Kinstellar is pleased to announce that it has advised MVM, Hungary’s leading state-owned energy group, on the successful sale of its 100% stake in MVM NET to Pro-M. The transaction was signed and closed on 30 April 2025. MVM NET is a key player in Hungary’s telecommunications market, operating a nationwide infrastructure network that provides critical communications services to the energy sector and public institutions. This was a highly strategic and time-sensitive transaction, that demanded not only deep legal insight but also efficient coordination and execution across multiple workstreams. This achievement is a testament not only to the dedication and professionalism of our team, but also to the unwavering
Kinstellar advises MAVIR and HUPX on joining Central and Southeast Europe’s largest electricity trading hub
Kinstellar has successfully advised the Hungarian Power Exchange (HUPX), together with the Hungarian Transmission System Operator, MAVIR, on the landmark Project Bluesky transaction: the Hungarian Power Exchange, HUPX’s joining Adex, a leading regional power exchange serving Central and South-Eastern Europe (CSEE). This transaction marks a significant milestone in strengthening and expanding the reach of the regional power exchange group within the region. Adex Group Ltd., which includes operators of power exchanges in Slovenia and Serbia, is recognized as the first regional energy exchange. With this transaction, HUPX becomes the third fully-owned subsidiary of Adex Group Ltd. Subject to regulatory approvals from