Heuking advises AGROFERT on the acquisition of Borealis’s Nitrogen Business

Czech-based AGROFERT Group submitted a binding offer for the acquisition of Borealis’s nitrogen business.

AGROFERT a.s is one of the leading European nitrogen fertilizer producers with manufacturing facilities in the Czech Republic, Germany and Slovakia. AGROFERT group comprises more than 240 companies worldwide, including SKW Stickstoffwerke Piesteritz GmbH and Lieken AG in Germany. Its group activities span from chemicals and agriculture to food production, renewable energy sources and media.

AGROFERT a.s. prevailed in a structured sales process and was invited to place a binding offer to acquire Borealis’s nitrogen business consisting of fertilizers, melamine and technical nitrogen products. The offer values the business on an enterprise value at EUR 810 million. Headquartered in Vienna, Austria, Borealis is part of OMV and one of the world’s leading providers of advanced and circular polyolefin solutions.

With a team lead by M&A specialists Dr. Martin Imhof, Partner at the Dusseldorf office, Heuking Kühn Lüer Wojtek advised AGROFERT on the German parts of the acquisition including the German production plants of Borealis. Wolf Theiss, Vienna acts as a lead counsel for the buyer.

By adding Borealis’s production assets in Austria, Germany and France as well as a comprehensive sales and distribution network, the nitrogen business of Borealis perfectly complements AGROFERT’s existing business operations and expands its existing capabilities.

The transaction is subject to regulatory and other approvals and expected to close in the second half of 2022.

Counsels to Agrofert a.s.
Heuking Kühn Lüer Wojtek:

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

Wolf Theiss:
Horst Ebhardt (Lead, corporate/ M&A), Vienna

Karl Hepp de Sevelinges (Lead, corporate/ M&A), Paris

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