WARSAW – 24 April 2023 – Greenberg Traurig represented KI Chemistry, a company from the Kulczyk Investments group, in connection with a voluntary tender offer for the sale of shares in Ciech S.A.
The acquisition of shares under the tender offer is part of a long-term strategic financial investment by KI Chemistry. It is the KI Chemistry intention to continue to support Ciech in its current and planned business activities, to take steps to strengthen its market and financial position by way of establishing uniform and efficient corporate governance in processes related to the implementation of strategic decisions.
Greenberg Traurig provided comprehensive legal advice with respect to the transaction.
The Greenberg Traurig team was led by Rafał Sieński, Partner and co-head of the Capital Markets Practice. The team also included Senior Associate Michał Bałdowski, Associate Łukasz Chmura and Junior Associate Szymon Świerszcz. Josef Hofschroer, Partner in the Greenberg Traurig’s Berlin office, advised on German law aspects of the transaction.
KI Chemistry is a subsidiary of Kulczyk Investments, a private, international investment house with offices in Luxembourg, London and Warsaw, that has been supporting companies in their global growth for 30 years.
Ciech is an international developing chemical group with a strong position on global markets. It is the second largest manufacturer of sodium carbonate and sodium bicarbonate in the European Union, the largest manufacturer of evaporated salt in Poland, the largest supplier of sodium silicates in Europe, the largest Polish manufacturer of plant protection products and a leading producer of polyurethane foams in Poland. Its factories are located in Poland, Germany and Romania and it employs over 3,000 people throughout the EU.
Greenberg Traurig LLP
Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2650 attorneys serving clients from 45 offices in the United States, Latin America, Europe, Asia, and the Middle East.
GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year award at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe” and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Antitrust/Competition.
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