Wolf Theiss Ljubljana has advised Societa’ Italiana Acetilene e Derivati (SIAD), which already owned 49% of Istrabenz Plini d.o.o., on its successful acquisition of the remaining 51% share from Istrabenz d.d. Slovenia’s Zdolsek Attorneys at Law advised the sellers on the transaction, which closed on September 7, 2016.
Wolf Theiss reports that SIAD, which was founded in Bergamo, Italy, in 1927, is "one of the most important chemical groups in Italy and supplies a full range of industrial, specialty, food and medical gases." According to the firm, Istrabenz Plini is a Koper-based Slovenian company that distributes liquified petroleum gas and natural gas through pipelines and distributes technical gases for industrial and medical use. In addition to Slovenia, Istrabenz Plini operates (either directly or through subsidiaries) in Croatia, Serbia, and Bosnia and Herzegovina.
Wolf Theiss advised on transaction documentation, negotiation of the SPA, and escrow arrangements, as well as the merger filing in Slovenia. The firm's team was led by Partner Klemen Radosavljevic, with the assistance of Associate Tjasa Lahovnik and Associate Petra Zupancic.