Slaughter and May is advising SHV Holdings on the merger of its upstream oil & gas business, Dyas, with Oranje-Nassau Energie B.V
Slaughter and May, alongside NautaDutilh, is advising SHV Holdings, a family-owned multinational, on the merger of its group company Dyas Holdings B.V. with Oranje-Nassau Energie B.V., in a combined entity to be called ONE-Dyas. On completion, SHV Holdings will hold a 49% shareholding in ONE-Dyas.
ONE-Dyas will be a prominent North Sea focused independent operator, holding operated and non-operated assets, with 2019 gas and oil production of some 35,000 boe/day and with an experienced technical and entrepreneurial team. The merger is expected to enable ONE-Dyas to pursue further growth opportunities in the North Sea.
The transaction is subject to regulatory approvals and completion of the transaction is expected to take place in the first half of 2019.