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Maravela|Asociatii, Gleiss Lutz, Bondoc & Asociatii, and White & Case Advise on Tender by Chimcomplex to Acquire Oltchim Assets

Maravela|Asociatii, Gleiss Lutz, Bondoc & Asociatii, and White & Case Advise on Tender by Chimcomplex to Acquire Oltchim Assets

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Maravela|Asociatii is representing Chimcomplex Borzesti S.A. in a tender for the assets of Romania's Oltchim chemical company. Oltchim is being assisted by Bondoc & Asociatii and White & Case.

According to Maravela|Asociatii, "the bid for the acquisition of Oltchim’s assets has been submitted and the finalization of the selection process is currently expected."

Maravela|Asociatii Partners Gelu Maravela and Dana Radulescu are assisting on the due diligence process, tender preparation, transaction document drafting, and financing, and Partner Alina Popescu and Associate Magda Grigore are assisting on competition aspects, including complex state aid analysis and merger control related aspects. Insolvency matters are coordinated for the firm by Partners Dana Radulescu and Mirela Metea, Partner Dana Radulescu and Senior Associate Daniel Alexie are assisting on environmental matters, and Managing Associate Daniel Vinerean is coordinating the firm's advice on real estate matters.

According to Maravela|Asociatii, the Brussels office of Gleiss Lutz, including Ulrich Soltesz and Thomas Pflock, are assisting Chimcomplex "in defining the strategy as well as in the relationship and liaison with the European Commission regarding state aid." 

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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