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Dentons and Bowmans Advise on Draslovka's Acquisition of Sodium Cyanide Business

Dentons and Bowmans Advise on Draslovka's Acquisition of Sodium Cyanide Business

Czech Republic
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Dentons has advised Draslovka on the acquisition of the sodium cyanide business from South African petrochemicals company Sasol. Bowmans advised Sasol on the deal.

The value of the deal is over USD 95 million and the transaction is expected to close in the first half of 2022, pending regulatory approval.

Draslovka is a Czech-based privately owned holding company, dealing in specialty chemicals and proprietary manufacturing technologies. According to Dentons, Draslovka has been present in South Africa for nearly a decade through its Draslovka Services South Africa Draslovka Services South Africa, formerly known as Agri-Soil.

According to Dentons, “the acquisition from Sasol represents a major investment on the African continent and is part of Draslovka’s international expansion plan. Draslovka also plans to invest additional USD 50 million into modernizing the factory, to enable it to manufacture products that currently have to be imported into South Africa. The funds will also be used to ensure the factory meets the highest international environmental standards.”

Dentons’ team included Prague-based Partners Petr Zakoucky and Jiri Tomola, Senior Associates Ivo Hartmann, Lucie Kubinyiova, and Adam Prerovsky, Associates Michal Pelikan, Barbora Obracajova, Junior Associates Justina Bodlakova, Jan Tyls, and Anna Urbanova, and Honorary Member Petr Kotab, with a further team in Johannesburg.

Bowmans' team included Partners Charles Douglas, Samantha Saffy, Claire Tucker, and Maryanne Angumuthoo.

 

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HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

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