Lawyers from Gide Warsaw supported KI Chemistry in the process of obtaining financing for the acquisition of shares in Ciech S.A. through a voluntary tender offer for the sale of up to approximately 48.66% of the shares in Ciech S.A.
Gide’s lawyers advised the client during the entire process of obtaining financing for the acquisition of shares, including a loan agreement concluded with a bank operating in Poland.
The team was led by Dariusz Tokarczuk (Partner, Head of M&A practice) and Marta Karmińska (Of Counsel, member of the Banking and Finance team). It also included Dr Dawid Van Kędzierski (Counsel, member of the M&A and Capital Markets team) and Paweł Wasiel (Associate, member of the Banking and Finance team).
KI Chemistry is a company from the Kulczyk Investment group, based in Luxembourg.
CIECH is an international, chemical group dual-listed on the Warsaw and Frankfurt stock exchanges. 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.