Ughi e Nunziante assists Rockhopper Group in the sale of assets in Italy

Ughi e Nunziante partner Roberto Leccese assisted Rockhopper Exploration plc, an oil and gas company listed on the AIM with key interests in the North Falkland Basin and the Greater Mediterranean region, for the Italian law aspects of the disposal to Northern Petroleum Plc of certain assets including a portfolio of hydrocarbon licences.

The transaction shall consist in the transfer of a going concern from Rockhopper Italia S.p.A. to Rockhopper Civita Limited (both subsidiaries of Rockhopper Exploration), subject to standard regulatory approvals in Italy, and the subsequent sale of Rockhopper Civita Limited to Northern Petroleum. Ashurst LLP are advising Rockhopper Exploration plc in respect of English law matters relating to the transaction.