Freshfields Advises ENEOS on Acquisition of JSR's Elastomer Business

Freshfields Advises ENEOS on Acquisition of JSR's Elastomer Business

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Freshfields Bruckhaus Deringer has advised Japanese petroleum company ENEOS on its acquisition of JSR Corporation's global elastomers business.

JSR is a Tokyo Stock Exchange-listed company engaging in the manufacture and sale of synthetic rubber and fine chemical materials. Its elastomers business provides tire materials, such as solution polymerization styrene-butadiene rubber, a raw material for treads of fuel-efficient and high-performance tires.

According to Freshfields, “JSR will establish a new company and will transfer the elastomer business and the shares of international subsidiaries and affiliates related to this business to the new company by splitting the company. ENEOS will subsequently acquire all of the shares of the new company, making it a wholly-owned subsidiary. The transaction is expected to complete on April 1, 2022.”

Freshfields’ team in Tokyo was led by Senior Counsel Tomoko Nakajima and Partner Takeshi Nakao, with support from the firm’s office in Hungary.

Freshfields did not reply to our inquiry on the matter.

Editor's note: After this article was published, CEE Legal Matters learned that Freshfields' local cooperating law firm in Hungary was Oppenheim. The firm's team included Partner Mihaly Barcza and Associate Gabor Kordovanyi.