Freshfields advises ENEOS in the buyout of MOL’s shares in Hungarian synthetic rubber venture EMSR

Global law firm Freshfields has advised ENEOS Materials Corporation in its agreement to acquire, from Hungary’s MOL Group, a 49% equity interest in ENEOS MOL Synthetic Rubber Ltd. ("EMSR").  The purchase agreement was executed on November 29, 2024; following the completion of the transaction, EMSR will be a wholly owned subsidiary of ENEOS Materials.  The ENEOS Materials announcement of the transaction is available here.

ENEOS Materials engages in research, development, manufacturing, and sales of high-performance materials such as synthetic rubber, thermoplastic elastomers, and latex. As a wholly owned subsidiary of ENEOS Materials, EMSR will further strengthen collaboration with ENEOS Materials and its group companies, and work to further expand the solution polymerisation styrene butadiene rubber business in Europe.

The pan-Asia Freshfields team advising on the transaction was led by Tomoko Nakajima, Head of Japan M&A, and Hong Kong associate Silver Yu, with support from partners Kaori Yamada, Nicholas Lingard and Noah Carr, counsel Pauline Fliche, senior associates Hugh Goodwin, Rohit Bhat and Emily Seo and associate Myongwon Lee.