Maravela|Asociații advises Chimcomplex on the acquisition of assets from Oltchim
Maravela|Asociații represented Chimcomplex Borzești S.A. in the tender for the assets of Oltchim, one of the leading players in the Romanian and Central Eastern European chemical industry.
The complex legal assistance comprises all transaction related aspects, including due diligence, preparing the tender, assistance in relation with the financers, negotiation of the transaction documents, liaising with the environment and competition authorities.
Maravela|Asociații’s team assigned to the project consists of over 10 lawyers. Gelu Maravela and Dana Rădulescu provide assistance regarding the due diligence process, tender preparation, transaction documents’ drafting and financing, whilst Alina Popescu and Magda Grigore assist with regard to competition aspects, including complex State aid analysis and merger control related aspects. Insolvency matters are coordinated by Dana Rădulescu and Mirela Metea, Dana Rădulescu and Daniel Alexie ensured the environment related assistance, whilst Daniel Vinerean coordinated the real estate matters advice.
Chimcomplex was equally assisted by the Brussels office of the German law firm Gleiss Lutz in defining the strategy as well as in the relationship and liaison with the European Commission regarding State aid. The lawyers from Gleiss Lutz were coordinated by Dr. Ulrich Soltész, prominent European figure in the field of competition, together with his colleague Dr. Thomas Pflock.
The bid for the acquisition of Oltchim’s assets has been submitted and the finalization of the selection process is currently expected.