In late 2014 and early 2015 we acted as lead counsel co-ordinating all aspects of the successful €800 million hostile mandatory public takeover offer by Joma Industrial Source Corp (Joma) of CAT Oil AG, an Austria-based holding company which is listed on the Frankfurt Stock Exchange (O2C). The shares in CAT Oil were held via a number of Cyprus sub-holding companies and partnerships and the bid was strongly resisted by the incumbent management. CAT Oil's management and supervisory boards finally accepted the takeover offer and recommended it to other shareholders in January 2015.