BOYANOV & Co. is Advising Plastics Manufacturer Borealis
BOYANOV & Co. is advising plastics manufacturer Borealis on the Bulgarian legal aspects of the binding offer from EuroChem for Borealis’ nitrogen business. EuroChem intends to acquire Borealis’ nitrogen business, which includes fertilizer, melamine, and technical nitrogen products. It is valued at EUR 455 million under the terms of the offer. The transaction is subject to certain closing conditions and regulatory approvals, with closing expected for the second half of 2022.
Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and the mechanical recycling of plastics.
EuroChem is a leading global fertilizer producer, and one of only three companies worldwide with manufacturing capacity in all three primary nutrient groups: nitrogen, phosphates, and potash.
BOYANOV & Co.’s team working on the transaction includes Yordan Naydenov – partner and lead, and Mihail Vishanin – counsel, M&A, and Corporate Law practice group.