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.
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