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CMS advises Clariant on the Signing of definitive agreement to sell Quats business

05/09/2022

Stuttgart – Clariant, a focused, sustainable, and innovative specialty chemical company, announced that it has reached a definitive agreement for the divestment of its Quats business to Global Amines Company Pte. Ltd., a 50/50 joint venture owned by Clariant and Wilmar, Asia’s leading agricultural business and oleochemicals business globally. 
 
An international team, led by CMS Partners Dr Tobias Grau and regarding merger control Dr Harald Kahlenberg, advised Clariant on all legal aspects on the transaction. The advice included structuring issues and extensive work around the preparing and negotiating the necessary transaction documentation.   
 
The transfer will be an asset sale of the global sites in Germany, Indonesia, and Brazil and will provide for tolling agreements where needed. The sales price, subject to standard closing conditions, is set at USD 113 million. The transaction is subject to regulatory approvals and customary closing conditions. The transaction is expected to be consummated in the first half of 2023.

CMS Germany

Dr Tobias Grau, Co-Lead Partner, Stuttgart
Dr Kai Wallisch, Partner, Stuttgart
Dr Georg Lauster, Principal Counsel, Stuttgart
Dr Navid Anderson, Counsel, Frankfurt/Main
Militsa Decheva Petrova, Senior Associate, Stuttgart
Simon Christopher Kirchner, Associate, Stuttgart, all Corporate/M&A
Dr Harald Kahlenberg, Co-Lead Partner, Stuttgart
Peter Giese, Principal Counsel, Stuttgart
Angelika Wieczorkowski, Senior Associate, Stuttgart, all Antitrust
Kai Neuhaus, Partner, Brussels
Moritz Pottek, Senior Associate, Brussels, both Investment Control 
Prof Dr Matthias Eck, Partner, Stuttgart, TMC
Thomas Fröhlich, Senior Associate, Stuttgart, IP
Dr Gerald Gräfe, Partner, Stuttgart, Commercial
Jörg Schrade, Partner, Munich
Eduard Kosavtsev, Associate, Munich, both Tax

TozziniFreire Advogados (Brazil)

Maria Elisa Gualandi Verri, Partner, São Paulo
Silvia Castro Cunha Zono, Partner, São Paulo
Luiz Renato Okumura, Partner, São Paulo
Bárbara Corrêa de Queiroz, Associate, São Paulo
Mariana Del Nero Cornibert da Barrosa, Associate, São Paulo, all Corporate/M&A
Marcelo Calliari, Partner, São Paulo
Vivian Anna Fraga, Partner, São Paulo
Rodrigo da Silva Alves dos Santos, Senior Associate, São Paulo
Ciro Martins Alvarenga, Full Associate, São Paulo, all Antitrust 
Adriana Mathias Baptista, Partner, São Paulo
Bianca Bilton Signorini Antacli, Partner, São Paulo
Louise Marie do Nascimento Ynoue, Full Associate, São Paulo, all Environmental
Thiago Medaglia, Partner, São Paulo, Tax

Makarim & Taira S. (Indonesia)

Frederick Simanjuntak, Partner, Jakarta
Puspa Riezka Lestari, Associate, Jakarta, both Corporate/M&A
Heru Mardijarto, Partner, Jakarta
Maharanny P Hadrianto, Associate, Jakarta
Yasser Abraham Sanda, Associate, Jakarta, all Corporate/Commercial 

Clariant

Kirsten Gassen, both M&A
Stephanie Rouderies

Press Contact
presse@cms-hs.com

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