Hengeler Mueller advises SGL Group on sale of graphite electrodes business
20. October 2016
SGL Group, one of the world’s leading manufacturers of carbon-based products and materials, has signed the sale and purchase agreement to sell its Graphite Electrodes Business (GE) to Showa Denko, a Japanese chemical company. The closing of the transaction is expected in the first half of 2017.
With 40 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, SGL Group is a company with a global presence. In 2015, the Company’s workforce of around 5,700 employees generated sales of EUR 1,323 m. The Company’s head office is located in Wiesbaden/Germany.
Hengeler Mueller advised SGL Group on the transaction. The Hengeler Mueller team was led by partners Andreas Hoger (Frankfurt) and Hans-Jörg Ziegenhain (Munich) (both Corporate/M&A) and included partners Matthias Scheifele (Tax), Nikolaus Vieten (Finance), Christian Hoefs (Labour) (all Frankfurt), Thorsten Maeger (Competition, Düsseldorf), Simon Patrick Link (Capital Markets, Munich), Dirk Uwer (Public Law) and Vera Jungkind (Data Protection) (both Düsseldorf), counsel Patrick H. Wilkening (IP/IT, Düsseldorf) as well as associates Johannes Baumann (Frankfurt), Bernd Dreier, Daniel Engel (both Munich) (all Corporate/M&A), Steffen C. Hörner, Claudia Nees (both Tax), Peter Wehner (Labour) (all Frankfurt), Anja Balitzki (Competition) and Alla Drössler (Data Protection) (both Düsseldorf).