Wolf Theiss has advised Borealis on the acquisition of 100% of shares in Ecoplast Kunststoffrecycling GmbH from Intrec Vernetzte Recycling-Losungen GmbH & Co KG. Germany's TWP Rechtsanwalte advised Intrec on the sale.
The signing took place on July 11, 2018. The transaction remains subject to regulatory approvals.
Borealis, headquartered in Vienna, is a supplier of solutions in the polyolefins, basic chemicals, and fertilizers sector.
Ecoplast is an Austrian polyethylene recycler, based in Wildon.
The Wolf Theiss team was led by Partner Christian Micosch and Senior Associate Jiayan Zhu. The team also included Partner Karl Binder, Counsels Wolfram Schachinger, Jochen Anweiler, and Walter Poschl, Consultant Florian Horak, Senior Associate Paulina Pomorski, and Associates David Gschaider, Julia Morscher, Iris Riepan, Georg Knafl, Wen Wei Xu, Lukas Slameczka, Hanna Gerstner, and Nina Lenhard.
The TWP Rechtsanwalte team was led by Partner Viktor Thurnher.