15
Fri, Nov
83 New Articles

Allen & Overy Advises Indorama Ventures on UCY Polymers CZ Acquisition

Allen & Overy Advises Indorama Ventures on UCY Polymers CZ Acquisition

Czech Republic
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Allen & Overy has advised Indorama Ventures Public Company Limited on its acquisition of 85% share capital in UCY Polymers CZ.

"As a result of the investment, IVL will recycle about 1.12 billion additional post-consumer PET (polyethylene terephthalate) plastic bottles in the Czech Republic every year by 2025, increasing the total bottles recycled by UCY across the Czech Republic, Germany, and Central Europe to 1.6 billion bottles per year," Indorama Ventures announced.

Indorama Ventures is a Thailand-headquartered chemical company, operating 125 manufacturing sites in 33 countries.

UCY Polymers CZ is a Czech supplier of PET recyclate materials for food-grade as well as industrial applications.

"Our partnership will strengthen the recycling ecosystem in the Czech Republic," Indorama Ventures ESG Council Chairman Yash Lohia commented. "This growth is made possible because of our customers’ commitment to bottle-to-bottle recycling, which allows us to build the recycling infrastructure Europe needs."

The Allen & Overy team was led by Czech-based Partner Prokop Verner and included Associates Jana Trhlikova and Lucie Cerna, Junior Lawyer Jan Engelmann, and German-based Partner Nicolaus Ascherfeld and Associate Moritz Meister.

Czech Republic Knowledge Partner

PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

Firm's website: www.prkpartners.com

Our Latest Issue