Noerr advises AEQUITA on acquisition of SABIC's European petrochemicals business

A Noerr team led by Christoph Thiermann and Jan-Philipp Meier has advised AEQUITA on the acquisition of the European petrochemicals business from Saudi Basic Industries Corporation (SABIC).

The transaction comprises four production sites in Geleen (the Netherlands), Gelsenkirchen (Germany), Genk (Belgium) and Teesside (the UK), employing c. 1,900 people and generating USD 3.5 billion in revenues.

Together with the recently acquired olefins and polyolefins business from LyondellBasell (LYB), the acquisition supports the much-needed consolidation of the European Olefins & Polyolefins sector. Combined, the two businesses are expected to generate USD 7 billion in revenues.

A Noerr team led by Munich-based partner Christoph Thiermann also advised AEQUITA on the acquisition of LyondellBasell's olefin and polyolefin business.

The transaction is expected to be completed by the end of 2026.

AEQUITA is a Munich-based industrial group which invests in special situations such as carve-outs, succession arrangements and transformations throughout Europe. The current portfolio generates over €10 billion in revenues.

Berater AEQUITA SE & Co. KGaA: Noerr Partnerschaftsgesellschaft mbB

Lead: Christoph Thiermann (Partner, Private Equity, Munich), Jan-Philipp Meier (Partner, M&A. Hamburg)

Private Equity: Ludwig Niller (Senior Associate, Munich)

Employment & Pensions: Benjamin Jahn (Partner), Caroline Berger (Senior Associate, both Munich)

Antitrust: Jens Peter Schmidt (Partner, Brussels), Fabian Badtke (Partner, Frankfurt), Sven Betzendörfer (Senior Associate, Brussels), Stefanie Gschossmann (Senior Associate, Munich), Nigina Zahedi (Senior Associate, Brussels)

Compliance: Maximilian Ohrloff (Partner), Zoe Flöer (Associate, both Düsseldorf)

Digital: Torsten Kraul (Partner, Berlin), Julian Monschke (Associated Partner, Frankfurt), Patrick Neidinger (Associated Partner, Munich), Marvin Bartels (Senior Associate, Berlin)

Distribution: Felix Muhl (Partner), Michaela Athmer (Associated Partner), Kevin-Roni Deger (Senior Associate, all Hamburg)

Energy & Infrastructure: Christian Alexander Mayer (Partner), Elena Marks (Senior Associate, both Munich)

Intellectual Property: Christoph Rieken (Partner), Valentina Nieß (Associated Partner), Katja Steinthaler (Associated Partner, all Munich)

Real Estate: Manuel Lomb (Associated Partner, Munich)

Regulatory: Hendrik Schlutt (Counsel, Berlin)