NKO Partners has advised GreenChem on the acquisition of Adeco Blue from Adeco. Sole practitioner Natalija Basic advised the sellers.
GreenChem Holding is a member of the Hartenberg Group. It deals in the manufacture and sale of AdBlue – used for catalytic applications in the automotive sector.
Adeco is a Serbian company that produces motor oils, industrial oils, and specialized liquids for motor vehicles.
According to NKO Partners, the transaction included the purchase of 100% shares in the Serbian company Adeco Blue based in Novi Sad and the acquisition of the entire distribution portfolio pertaining to AdBlue products.
The NKO team included Partner Djordje Nikolic and Senior Associates Vojin Babovic and Benjamin Graca.