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Allen & Overy Advises Indorama Ventures on UCY Polymers CZ Acquisition

Allen & Overy Advises Indorama Ventures on UCY Polymers CZ Acquisition

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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.

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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.

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