Global law firm Clifford Chance has advised Malaysian KNM Group Berhad on the sale of German BORSIG group to Japanese NGK Insulators, Ltd.
KNM is a multinational group with core businesses in project management, engineering, manufacturing, and construction for the renewable energy, power, utilities, refining, and petrochemical industries.
BORSIG, headquartered in Berlin and founded in 1837, is a leading German engineering group of companies specializing in innovative solutions for process and membrane technology, compressors, pressure vessels, heat exchangers, and valves.
Both the buyer and the seller group are listed on their respective countries’ stock exchanges. The completion of the transaction is subject to customary regulatory approvals.
The Clifford Chance team advising KNM on this transaction, consisted of partner Jörg Rhiel, senior associate Elisabeth Kreitmair, associate Julien Schickling, associate Fabienne Held and senior transaction lawyer Carina Soesanto (all Corporate, Frankfurt), partner Bettina Steinhauer, senior associate Peter Gierl, associate Marcel Knörchen (all Global Financial Markets, all Frankfurt), counsel Cord von Mandelsloh (Tax, Düsseldorf), counsel Amrei Fuder (Real Estate, Frankfurt), partner Dimitri Slobodenjuk, counsel Caroline Scholke (both Antitrust, Düsseldorf), senior associate Nicolas Hohn-Hein (IP, Düsseldorf), partner Holger Lutz, senior associate Tobias Born (both Tech/Digital, Frankfurt), and partner Christopher Fischer (Employment, Frankfurt).
