Eversheds lands €10bn Hungarian pipeline role
Eversheds International has won a €10bn (£9.3bn) mandate advising on Hungarian aspects of the high-profile South Stream pipeline project that is set to bring gas from the Caspian Sea region to Europe. Sandor Szegedi Szent-Ivany Komaromi Eversheds, the Hungarian member of Eversheds International, was appointed to advise the Hungarian Development Bank on negotiations with Russia's state-controlled gas supplier Gazprom to set up a joint venture to build the Hungarian leg of the pipeline.
March 26, 2009 at 12:38 AM
2 minute read
Eversheds International has won a €10bn (£9.3bn) mandate advising on Hungarian aspects of the high-profile South Stream pipeline project that is set to bring gas from the Caspian Sea region to Europe.
Sandor Szegedi Szent-Ivany Komaromi Eversheds, the Hungarian member of Eversheds International, was appointed to advise the Hungarian Development Bank on negotiations with Russia's state-controlled gas supplier Gazprom to set up a joint venture to build the Hungarian leg of the pipeline.
Eversheds International Hungarian managing partner Tamas Sandor took the lead for the Hungarian Development Bank, assisted by corporate partner Peter Komaromi. Hogan & Hartson's London managing partner Gary Pegg advised Gazprom and will continue to advise as the company signs similar joint ventures in each country the 3,000km pipeline is expected to run through.
Sandor said: "This is the first step in building a new natural gas pipeline and a monumental agreement for European energy supplies."
The deal closed on 10 March and was signed in the presence of Russian Prime Minister Vladimir Putin and Hungarian Prime Minister Ferenc Gyurcsany. The deal has generated work for European firms, including Bonelli Erede Pappalardo and Wolf Theiss, advising on local aspects of the pipeline
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllDavis Polk Veterans Launch M&A, Private Equity Boutique in France & Italy
2 minute readDentons and Eversheds Advise on Billion-Dollar Gulf Infrastructure Projects
3 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250