News & Announcements

Weil Advises Vitol on the Acquisition of a Controlling Stake in Saras

Weil is advising Vitol on the acquisition of a c.35% stake in Saras S.p.A., the owner of the largest single-site refinery in the Mediterranean, from companies owned by members of the Moratti family. Upon completion of the acquisition, Vitol will launch a tender offer for the remaining shares in Saras, which are listed on Euronext Milan. The transaction values the share capital of Saras at approximately €1.7 billion. Vitol, founded in 1966, is one of the largest independent energy marketing and trading companies in the world.

The Weil team is being led by Murray Cox, assisted by David McKendrick and Lucia Azzi. Antitrust advice is being provided by Nafees Saeed, Annagiulia Zanazzo and Chris Thomas. Weil is working alongside Chiomenti (team led by Mario Roli and Elena Busson).