Bär & Karrer Advises Mitsui on the Acquisition of Chemtrade Aglobis
On 28 February 2017, Mitsui & Co., Ltd. (Mitsui) and Chemtrade Logistics Inc. (Chemtrade) announced an agreement under which Mitsui will acquire the entire stake in Chemtrade Aglobis AG (Aglobis), a subsidiary entirely owned by Chemtrade. Aglobis is a leading distributor of sulphur and sulphuric acid in Europe. The transaction is subject to relevant regulatory approvals.
By taking on the Aglobis' locations in Zug, Essen and Rotterdam, Mitsui aims at contributing considerably to the further development of the energy, non-ferrous metal and agriculture/chemical industries in Europe and at reinforcing its stable offtake and sales capabilities through the expansion of sulphur and sulphuric acid business operations.
Bär & Karrer acts as Swiss legal advisor to Mitsui in this transaction. The team includes Till Spillmann, Christian Kunz (both M&A/Corporate), Andrea Giger (Finance), Jonas Bornhauser (Commercial) and Laura Widmer (Employment). Linklaters acts as the lead counsel to Mitsui.