Gábor Gelencsér is a Partner in the Budapest office and the head of the local M&A and Corporate service line.

He brings over 20 years of experience advising on complex cross-border and domestic corporate transactions, including leading mergers, joint ventures, due diligence workstreams and multi-layered restructurings across a broad range of industries such as real estate, telecoms and financial services.

Gábor advises across the full M&A lifecycle and the entire spectrum of private and public deals, acting on both buy- and sell-side mandates. His track record includes share and asset acquisitions, private equity transactions, public takeovers, mergers and demergers (including cross-border mergers), strategic restructurings, joint ventures, W&I insurance matters, venture capital fund formations, and other high-value, high-profile transactions.

Gábor Gelencsér is characterised by his excellent advice and collaboration. Working with him feels effortless.

Gábor Gelencsér shows in-depth legal knowledge and expertise, strategic thinking and exceptionally strong negotiation skills.

Chambers Europe, 2026

RECENT ENGAGEMENTS INCLUDE ADVISING

M&A and Corporate

• OTP BANK, Hungary’s largest commercial bank and one of the largest independent financial service providers in Central and Eastern Europe:
  • on the sale of its subsidiary of OTP Banka Slovensko (a 99.38% subsidiary of OTP Bank) to KBC in an auction process;
  • on the sale of OTP Buildings, Slovak real estate company of OTP in an auction process;
  • on the acquisition of Uzbekistan’s fifth-largest bank, Ipoteka Bank (OTP Bank’s first acquisition in Central Asia); and
  • on a number of other confidential matters, transactions.
• MOL:
  • on a more than EUR 1 billion restructuring, transforming the company into a holding structure with standalone subsidiaries for its upstream, downstream, and retail operations;
  • on an EUR 1.2 billion greenfield complex petrochemical development project, in the framework of which MOL will establish a new polyol complex in Hungary;
  • on an on-shore concession transfer agreement in Romania from Panfora Oil & Gas.
• MVM HOLDING, Hungary’s leading state-owned energy group:
  • on the successful sale of its 100% stake in MVM NET to Pro-M;
  • on the acquisition of a minority shareholding in E.ON Hungary;
  • on the acquisition of ÉMÁSZ DSO, being the second largest electricity DSO in Hungary;
  • on the takeover of more than 2 million household customers of universal services from ELMŰ Energiaszolgáltató (owned by E.ON Group) and the acquisition of E.ON Customer Services company (CEE Legal Matters “Deal of the Year” Award 2021 Hungary).
• MAVIR (MVM subsidiary) and HUPX on joining Central and Southeast Europe’s largest electricity trading hub, including negotiation and preparation of the contractual documentation, as well as handling competition and energy law aspects of this multifaceted cross‑border transaction
• BYD on a greenfield investment in Szeged, including land acquisition, EPC and utility contracts, compliance issues, corporate, labour law, etc.
• NESTLÉ on the sale of Boci chocolate brand in Hungary to Cerbona, a prominent Hungarian food manufacturing company, including negotiating the transaction documents and assistance with the completion of the transaction

EDUCATION

• 2003: Aalborg University, Denmark, European Studies MA Program
• 2002: Central European University, Budapest, Hungary & New York, USA, LL.M. in International Business Law
• 2002: Uppsala University, Sweden, European Law Studies
• 2001: University of Pécs, Hungary, Faculty of Law, LL.B.

PROFESSIONAL AFFILIATION

Budapest Bar Association

LANGUAGES

Hungarian, English