Boyanov & Co recently announced that Borealis' acquisition of Integra Plastics (reported by CEE Legal Matters on December 8, 2023) had closed on March 29, 2024.
According to Boyanov & Co, on March 29, "the Austrian specialty chemicals company Borealis AG, a majority-owned subsidiary of Austrian oil and gas giant OMV, finalized the acquisition of Bulgarian recycling company Integra Plastics JSC."
As previously reported, Schoenherr advised Borealis AG, while Boyanov & Co advised Vallenova, one of the sellers. CMS reportedly worked on the deal as well.
Headquartered in Vienna, Borealis AG is a provider of advanced and circular polyolefin solutions and a provider of base chemicals, fertilizers, and the mechanical recycling of plastics. The company employs around 6,000 people and operates in over 120 countries. It generated a net profit of EUR 2.1 billion in 2022.
According to Schoenherr, "Integra Plastics JSC is one of the most advanced plastics recycling companies in Europe, producing high-quality PCR resins. It specializes in the production of top-quality low-density polyethylene, high-density polyethylene, and polypropylene granules, with color variation and an annual capacity of 30,000 metric tons."
The Schoenherr team was led by Partner Alexandra Doytchinova and Attorney at Law Katerina Kaloyanova-Toshkova.
The Boyanov & Co team included Partner Yordan Naydenov and Associate Teodora Peycheva.
