Wolf Theiss advised on transaction documentation, negotiation of the SPA, escrow arrangements as well as the merger filing in Slovenia. After already having a 49% share, SIAD with this acquisition became the sole owner of ISTRABENZ PLINI. The transaction closed on 7 September 2016.
The transaction team was led by Partner Klemen Radosavljević, with the assistance of Associate Tjaša Lahovnik and Associate Petra Zupančič.
Wolf Theiss is pleased to have had the opportunity to support and advise SIAD on this important acquisition in Slovenia.
Founded in Bergamo, Italy, in 1927, SIAD is one of the most important chemical groups in Italy and supplies a full range of industrial, specialty, food and medical gases.
ISTRABENZ PLINI is a Koper-based leading Slovenian company for the distribution of LPG, the supply of natural gas through pipelines and the distribution of technical gases for industrial and medical use. As well as in Slovenia, ISTRABENZ PLINI operates directly or through subsidiaries in Croatia, Serbia, and Bosnia and Herzegovina.