Abreu and Morais Leitão advise on 55 petrol stations sale

Abreu Advogados and Morais Leitão advised Prio and the Vapo Group, respectively, in the process of Prio’s acquisition of 55 petrol stations previously operated under the Q8 brand, owned by the Vapo Group. Abreu was responsible for advising Prio, one of the main fuel retailers in Portugal, while Morais Leitão advised the Vapo Group, responsible for managing the Q8 brand in Portugal. With this operation, Prio will now operate more than 300 service stations in Portugal, allowing for a growth of around 15% in the volume of fuel sold in Portugal and an increase in biofuel production of approximately 10%.

Abreu Advogados’ advice included carrying out due diligence on the target companies, negotiating the sale and purchase agreement, notifying the operation to the Competition Authority and implementing the transaction. The Abreu Advogados team was led by partners Alexandra Courela and António Pina, and included a large multidisciplinary team of more than 20 people.

Morais Leitão supported the negotiation of the sale and purchase agreement and the execution of the transaction, through a team that included partner Bernardo Lobo Xavier and lawyers João P. Monjardino and Sofia Cerqueira Serra, from the corporate and M&A department, as well as lawyer Gonçalo Rosas, from the competition department.

Pictured, from left to right: Alexandra Courela, António Pina, Bernardo Lobo Xavier.