Chemicals

The competitive landscape in the chemicals sector is changing quickly - and businesses need to adapt fast.

Recent experience includes advising:

Commodity chemicals and petrochemicals

  • BP on the $5bn sale of its Acetyls and Aromatics businesses to INEOS, the global manufacturer of petrochemicals, speciality chemicals and oil products
  • Linde on its strategic partnership with SipChem in Saudi Arabia
  • Export credit agencies and other financial institutions on the SATORP Jubail refining and petrochemical US$14bn project in Saudi Arabia
  • Reliance Petroleum on the financing of the new US$6bn refinery and associated polypropylene plant in India
  • INEOS on the establishment of a new polyolefins trading business for a major chemicals player across multiple jurisdictions

Industrials and speciality chemicals

  • Linde on the global antitrust elements of the US$42.5bn merger of equals with Praxair
  • BASF SE on the €3.1bn sale of its construction chemicals business to Lone Star
  • Dow Chemical Company on the EU merger filings required for its $18.8bn acquisition of Rohm and Haas 
  • Covestro on the acquisition of the Resins & Functional Materials business of Royal DSM for €1.61bn
  • Solvay on the US$5.5bn merger agreement with Cytec and on the subsequent reorganisation of its corporate structure

Life sciences and Agrichemicals

  • Saudi Arabian Fertilizer Company on the acquisition of shares in three agricultural nutrient companies from Saudi Basic Industries Corporation
  • Bayer on the US$57bn financing to support its proposed acquisition of agrochemical company Monsanto
  • HSBC and other lenders on the debt financing for ChemChina on the US$46bn acquisition of Syngenta
  • Bayer on the carve-out of its plastic division Bayer Material Science (now Covestro) with 60 countries involved
  • Merck on its new €2bn syndicated multicurrency revolving credit facility agreement
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