NautaDutilh assisted INEOS Limited in the acquisition of Tessenderlo's European Chlor-Vinyls Business and assets in Belgium, France and The Netherlands.
Kerling will through the transaction acquire all of Tessenderlo Group's PVC activities as well as the VCM, caustic soda, caustic potash and parts of its OCD (Organic Chlorine Derivatives) businesses including:
- The chlor-alkali, vinyls OCD assets at the site in Tessenderlo Belgium,
- the site in Maastricht (The Netherlands) with a benzyl alcohol plant,
- the sites in Beek (The Netherlands) and Mazingarbe (France) with PVC plants,
- approximately 850 employees.
As a result of the transaction Kerling and Tessenderlo Group will also enter into a number of raw material and product off-take agreements between them.
The total consideration for the businesses and assets acquired will be € 110 million in cash.
The NautaDutilh partners that advised INEOS Limited were Benoît Feronand Jaap Jan Trommel.