Sat, May
46 New Articles

Noerr Advises Schwarz Group on Partial Purchase of Suez's Waste Management and Recycling Business

Noerr Advises Schwarz Group on Partial Purchase of Suez's Waste Management and Recycling Business

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Noerr is advising the Schwarz Group on its intended takeover and potential entrance into a strategic partnership with the French Suez Group in the waste disposal and recycling business.

PreZero, which operates as Schwarz Group’s environment division, has entered into an agreement with Suez regarding the purchase of SUEZ’s waste management and recycling business in Germany, Poland, the Netherlands and Luxembourg. The parties have also agreed to evaluate the chances of a strategic partnership. 

The transaction is subject to the approval of the employee representation bodies and clearance by the relevant antitrust authorities. Closing is expected to take place in the first half of 2021.

The agreement for the partial takeover of the waste management business of Suez, an international group of companies headquartered in Paris, includes the operations in the four countries with a 2019 turnover of around EUR 1.11 billion and a company valuation of EUR 1.1 billion. Suez employs around 6,700 people in these four markets. The plastics recycling and disposal of hazardous/special waste divisions are not included in the deal.

After completion of the transaction, PreZero will have an additional workforce of around 1,700 in Germany. In total, the group will then employ around 10,300 people in Germany, Poland, the Netherlands, Belgium, Luxembourg, Austria, Italy, and the USA.  

Noerr's team was led by German Partners Gerald Reger, Maurice Seche, and Susanne Rummel, and included well over 48 lawyers in Germany alone. In addition, the firm's team included Poland-based Partner Ludomir Biedecki and lawyers Aleksandra Drozdz, Jaroslaw Karlikowski, Joanna Kuc, Mateusz Slodczyk, Justyna Solarska, Marek Solarski, Joanna Szacinska, Sylwia Urbanska, Wojciech Wasowicz, and Piotr Zabkiewicz.

Other firms working on the deal included NautaDutilh in Luxembourg and the Netherlands, as well as Jeantet in France.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue