AGROFERT’s Offer for Borealis’ Nitrogen Business

Freshfields Bruckhaus Deringer, Savoric & Partners, and Filip & Company advised plastics manufacturer Borealis on the deal. Heuking Kühn Lüer Wojtek, Wolf Theiss and Jeantet advised AGROFERT.

Borealis received a binding offer from AGROFERT. The fertiliser producer intends to acquire Borealis’ nitrogen business, which includes plant nutrients, melamine and technical nitrogen products and is valued at €810 million under the terms of the offer.

Borealis will initiate the mandatory information and consultation procedures with employee representatives imminently. The transaction is also subject to certain closing conditions and regulatory approvals, with Closing is expected for the second half of 2022. 

Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilisers and the mechanical recycling of plastics.

AGROFERT is one of the leading European manufacturers of plant nutrients with production facilities in Germany, the Czech Republic and Slovakia.

Freshfields advised Borealis’ group legal department, led by (interim) General Counsel Sandra Müller. The team comprised of Partners: Farid Sigari-Majd ( Vienna), Barbara Keil (Picture – Munich, both lead, both Corporate), Karin Buzanich-Sommeregger (Vienna), Gwen Senlanne (Paris, both Employment), Thomas Wessely (Antitrust, Brussels), Stephan Denk (Public Law) and Katharina Kubik (Tax, both Vienna), Counsel: Gernot Fritz (TMT, Vienna), Sascha Arnold (Hamburg), Tanguy Bardet (Paris, both Public Law), Principal Associates: Daniel Lungenschmid, Noel Zamani (both Corporate), Leonhard Prasser (Employment), Kathrin Wildmoser-Zeller (Public Law), Anna Binder-Gutwinski, (Tax, all Vienna), Jan Jeram (Antitrust, Brussels), Associates: Maria Tumpel (Vienna), Thomas Hornberger, Jan Postweiler (both Munich, all Corporate), Estella Dannhausen (TMT), Luca Mischensky (Public Law), Can-Michael Nural (Real Estate, all Vienna).

The Heuking team included r. Martin Imhof (Lead, Corporate/M&A),Sebastian Pollmeier (Corporate/M&A), Dr. Christiane Krumme (Corporate/M&A), Christian Schild (Corporate/M&A),
Birgit Schreier, (Commercial), Dr. Wolfram Sandner (Public law/ regulatory), Dr. Cem Karaosmanoglu (Public law/ regulatory), Dr. Alexander Bork (Law of employment), Dr. Laurenz Westen (Public subsidies),
Fabian Schmitz (Real estate), Dorothee Linnartz, L.L.M. (Real estate), Astrid Luedtke (Data protection/ IT).

The Wolf Theiss team was led by Horst Ebhardt (Lead, corporate/ M&A).

The Jeantet team was led by Karl Hepp de Sevelinges (Lead, corporate/ M&A) and included Ruben Koslar, Georges-Dominic Sardi, Joséphine Combret, Paul Jolivet, Laetitia Ternisien, Océane Demoulin, Marie Trébuchet, Thibault Mercier, Claire Allavena, Sophie Boinnot, Laure Asdrubal, Chloé Abgrall, Florent Prunet, Archibald Fisse, Adrien Fourmon, Adrien Bron.

The Savoric & Partners team included Senior Partner Boris Savoric and Partner Lovro Gasparac.

The Filip & Company team was led by Partner Alexandru Birsan and included Associates Simona Ungureanu and Lavinia Cazacu.

Involved fees earner: Alexandru Birsan – Filip & Company; Lavinia Cazacu – Filip & Company; Simona Ungureanu – Filip & Company; Sascha Arnold – Freshfields Bruckhaus Deringer LLP; Tanguy Bardet – Freshfields Bruckhaus Deringer LLP; Anna Binder – Freshfields Bruckhaus Deringer LLP; Karin Buzanich-Sommeregger – Freshfields Bruckhaus Deringer LLP; Estella Dannhausen – Freshfields Bruckhaus Deringer LLP; Stephan Denk – Freshfields Bruckhaus Deringer LLP; Gernot Fritz – Freshfields Bruckhaus Deringer LLP; Thomas Hornberger – Freshfields Bruckhaus Deringer LLP; Jan Jeram – Freshfields Bruckhaus Deringer LLP; Barbara Keil – Freshfields Bruckhaus Deringer LLP; Katharina Kubik – Freshfields Bruckhaus Deringer LLP; Daniel Lungenschmid – Freshfields Bruckhaus Deringer LLP; Luca Mischensky – Freshfields Bruckhaus Deringer LLP; Can-Michael Nural – Freshfields Bruckhaus Deringer LLP; Jan Postweiler – Freshfields Bruckhaus Deringer LLP; Leonhard Prasser – Freshfields Bruckhaus Deringer LLP; Gwen Senlanne – Freshfields Bruckhaus Deringer LLP; Farid Sigari-Majd – Freshfields Bruckhaus Deringer LLP; Maria Tumpel – Freshfields Bruckhaus Deringer LLP; Thomas Wessely – Freshfields Bruckhaus Deringer LLP; Kathrin Wildmoser-Zeller – Freshfields Bruckhaus Deringer LLP; Noel Zamani – Freshfields Bruckhaus Deringer LLP; Alexander Bork – Heuking Kühn Lüer Wojtek; Martin Imhof – Heuking Kühn Lüer Wojtek; Cem Karaosmanoglu – Heuking Kühn Lüer Wojtek; Christiane Viktoria Krumme – Heuking Kühn Lüer Wojtek; Dorothee Kirsten Linnartz – Heuking Kühn Lüer Wojtek; Astrid Luedtke – Heuking Kühn Lüer Wojtek; Sebastian Pollmeier – Heuking Kühn Lüer Wojtek; Wolfram Sandner – Heuking Kühn Lüer Wojtek; Christian Schild – Heuking Kühn Lüer Wojtek; Fabian Schmitz – Heuking Kühn Lüer Wojtek; Birgit Schreier – Heuking Kühn Lüer Wojtek; Laurenz Westen – Heuking Kühn Lüer Wojtek; Chloé Abgrall – Jeantet ; Claire Allavena – Jeantet ; Laure Asdrubal – Jeantet ; Sophie Boinnot – Jeantet ; Joséphine Combret – Jeantet ; Archibald Fisse – Jeantet ; Adrien Fourmon – Jeantet ; Karl Hepp de Sevelinges – Jeantet ; Paul Jolivet – Jeantet ; Ruben Koslar – Jeantet ; Thibault Mercier – Jeantet ; Florent Prunet – Jeantet ; Georges-Dominic Sardi – Jeantet ; Laetitia Ternisien – Jeantet ; Marie Trebuchet – Jeantet ; Lovro Gasparac – Savoric & Partners; Boris Savoric – Savoric & Partners; Horst Ebhardt – Wolf Theiss;

Law Firms: Filip & Company; Freshfields Bruckhaus Deringer LLP; Heuking Kühn Lüer Wojtek; Jeantet ; Savoric & Partners; Wolf Theiss;

Clients: Agrofert; Borealis AG;

Giulia Di Palma

Author: Giulia Di Palma