McDermott Advises Praxair on EUR 300m acquisition of Yara European CO2 business
LONDON (2 June, 2016) – International law firm McDermott Will & Emery advised NYSE listed Praxair, Inc. on its acquisition of Yara International ASA’s European CO2 business. The transaction also included Praxair acquiring Yara’s 34% stake in the Yara Praxair AS joint venture in Scandinavia. The investment for both transactions is approximately EUR 300m. The transactions completed on 1 June 2016.
Praxair, Inc., a Fortune 250 company with 2014 sales of $12.3 billion, is the largest industrial gases company in North and South America and one of the largest worldwide.
Yara’s European CO2 business operates five CO2 liquefaction plants, three large CO2 shipping vessels, seven shipping terminals and six dry ice production facilities across the UK, Ireland, Scandinavia, Northern Europe and Italy.
The multi-jurisdictional, cross-practice McDermott team was led by London partner, Lisa O’Neill, supported by London associate, Caroline Thackeray, and lawyers from McDermott offices in London, Paris, Rome, Brussels and Düsseldorf.
About McDermott Will & Emery McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, DC. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.