Linklaters is advising Celanese Corporation (NYSE: CE) on its transaction with Mitsui & Co., Ltd. (“Mitsui”), involving the restructuring of the Nutrinova food ingredients joint venture of Celanese and Mitsui. As part of the transaction, Celanese will acquire a diketene production facility and operate it for Nutrinova. In addition, Celanese will sell an interest in the joint venture to Mitsui for cash. The transaction is expected to close in the fourth quarter of this year.
Click here for Celanese’s press release.
The cross-border team spanning New York and Germany was led by Global Chairman of Corporate and Chairman of the Americas George Casey, Global Leader of the Chemicals Sector and Co-Head of U.S. M&A Heiko Schiwek, M&A Partner Gregory Gewirtz, M&A Counsel Wendy Suh, and M&A Associate Michael Lomtevas.
The team also included Environmental Partner Lauren Bachtel; Intellectual Property Partner Shruti Chopra, M&A Counsel Nikita Selivanov and Associate Alexander Kah; Employment and Incentives Counsel Luca Rawe; and Tax Associate Alexander Zitzl.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.