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Boyanov & Co and Wolf Theiss Advise on Borealis Sale of Indirect Shareholding in Neochim

Boyanov & Co and Wolf Theiss Advise on Borealis Sale of Indirect Shareholding in Neochim

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Boyanov & Co has advised Borealis on the Bulgarian aspects of the sale of its indirect shareholding in Neochim to Agrofert. Wolf Theiss advised Agrofert.

Borealis is a subsidiary of the Austrian OMV. Neochim is a Bulgarian producer and trader of inorganic and organic chemical products, including fertilizers.

Agrofert is a Czech-based group active in a number of industries in Central Europe, with activities spanning from chemicals and agriculture to food production.

According to Boyanov & Co, “the transaction was part of the global divestment of Borealis AG of its nitrogen business including fertilizer, melamine, and technical nitrogen products. Agrofert’s acquisition of Borealis’ nitrogen business, with their long-term commitment to further develop the fertilizer business, is to the best advantage for the security of supply in Austria and Europe, as well as for all impacted employees.”

This transaction is part of a larger deal within which Agrofert acquired Borealis’ nitrogen business, including production assets in Austria, Germany, and France (as reported by CEE Legal Matters on June 15, 2022).

The Boyanov & Co team was led by Counsel Mihail Vishanin.

The Wolf Theiss team included Vienna-based Partners Horst Ebhardt and Robert Wagner, Counsels Harald Strahberger and Maciej Olszewski, Senior Associates Gregor Grablowitz, Martina Edlinger, and Sandra Seldte, and Associates Jessica Kerber and Sophie Weber; Sofia-based Counsel Katerina Novakova, Senior Associate Yanitsa Radeva, and Associate Boryana Filimonova; and further team members in Germany, France, and Italy.

Boyanov & Co. at a Glance

BOYANOV & Co. is renowned for its exceptional services and extensive experience in a wide array of industries. As a co-founder and initiator of the SEE Legal Group, the firm has significantly influenced the legal landscape in the region.
Established in 1990, BOYANOV & Co. has been instrumental in advising on numerous landmark transactions in Bulgaria, earning an unrivalled reputation both locally and internationally as the go-to law firm for multinational businesses.
The firm's market leadership is underpinned by the superior quality of its services, which are informed by years of experience in international transactions, a deep understanding of local, European, and international law, and the exceptional expertise of its professionals. The diverse industry experience provides the firm with unique insights and a comprehensive understanding of its clients' businesses and their respective markets, enabling it to transfer successful solutions across borders.
BOYANOV & Co. offers a broad spectrum of integrated services, with notable expertise in Mergers and Acquisitions (M&A), Restructuring, Banking & Finance, Energy & Natural Resources, Technology, Media, and Telecommunications (TMT), Intellectual Property, Competition, Real Estate and Infrastructure, Employment, and Dispute Resolution.

Firm website.

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