Hengeler Mueller advises Covestro on the financing of the acquisition of Royal DSM's Resins & Functional Materials (RFM) business
01. October 2020
Covestro has signed an agreement to acquire the Resins & Functional Materials business (RFM) from Royal DSM. The total purchase price is EUR 1.61 billion. Financing of the purchase price is secured through a bridge loan provided by Barclays and Deutsche Bank. Closing of the transaction is subject to regulatory approvals, including antitrust clearance.
Hengeler Mueller advises Covestro on the financing of the transaction. The team includes partner Johannes Tieves and counsel Peter Dampf (both Financing, Frankfurt).