Wolf Theiss advises AGROFERT on the acquisition of Borealis’ nitrogen business

Czech-based group AGROFERT submitted a binding offer for the acquisition of Borealis’ nitrogen business, which includes plant nutrients, melamine and technical nitrogen, with the legal assistance of Wolf Theiss. The offer values the business on an enterprise value basis at EUR 810 million.

The AGROFERT group compromises more than 200 groups, with its activities spanning from chemicals and agriculture to food production. As a European leader in the production of nitrogen fertilizers, AGROFERT plans to enhance its capabilities in serving its customers across Europe by adding Borealis’ production assets in Austria, Germany and France, as well as Borealis’ comprehensive sales and distribution network utilising the Danube River.

The transaction, which is still subject to certain closing conditions and regulatory approvals, is expected to close in the second half of 2022.

Under the lead of partner Horst Ebhardt (Partner, Corporate/M&A), working closely with a core team including Rahim Rastegar (Associate), Martina Edlinger (Senior Associate), Christopher Jünger (Senior Associate), Paul Yulu (Associate), Kristian Yabalkarov (Associate) (all: Corporate, M&A), Wolf Theiss has advised AGROFERT on all aspects of its binding bid.

Wolf Theiss’ core advising team includes:

• Competition: Robert Wagner (Partner, Competition), Sophie Weber (Associate, Competition)
• Regulatory: Kurt Retter (Partner, Regulatory), Harald Strahberger (Senior Associate, Regulatory)
• Real Estate: Karl Binder (Partner, Real Estate), Erik Steger (Partner, Real Estate), Flaviu Nanu (Counsel, Real Estate), Sandra Seldte (Senior Associate, Real Estate),
• Corporate: Janos Toth (Partner, Corporate), Ileana Glodeanu (Partner, Corporate), Richard Clegg (Partner, Corporate), Natasa Lalovic (Partner, Corporate), Sarah Wared (Partner, Corporate), Luka Tadic-Colic (Partner, Corporate), Markus Bruckmüller (Partner, Corporate), Robert Pelikan (Partner, Corporate), Bruno Stefanik (Counsel, Corporate), Tereza Naucova (Counsel, Corporate), Zuzana Hodonova (Counsel, Corporate), Maciej Olszewski (Counsel, Corporate), Martina Edlinger (Senior Associate, Corporate), Christopher Jünger (Senior Associate, Corporate), Katerina Kulhankova (Senior Associate, Corporate), Rahim Rastegar (Associate), Paul Yulu (Associate), Kristian Yabalkarov (Associate)
• IP: Roland Marko (Partner, IP), Paulina Pomorski (Counsel, IP), Pascal Gstöttner  (Associate, IP)
• Banking: Marika Lomashvili (Partner, Banking)
• Employment: Anna Schwamberger (Senior Associate, Employment), Dorothea Rauchegger (Senior Associate, Employment), Isabel Firneis (Senior Associate, Employment), Marietta Molnar (Senior Associate, Employment)
• Tax: Niklas Schmidt (Partner, Tax), Melanie Dimitrov (Counsel, Tax)

The core team has further been supported by a broader team of Wolf Theiss’ experts from the Vienna office as well as from eight of the firm’s international offices.