B2RLaw, working with Eversheds Sutherland's London office, has advised Johnson Matthey on the GBP 50 million sale of its battery materials business to the EV Metals Group. Reportedly, Druces and White & Case advised EV Metals.
The transaction is expected to close in the summer of 2022.
According to B2RLaw, “the sale includes Johnson Matthey’s assets at the Battery Technology Center in Oxford, a pilot plant in Billingham, and a research center in Moosburg, Germany. The Polish assets relate to a partly constructed battery manufacturing plant sited on a 43-hectare plot in Konin. As a result of the transaction, Johnson Matthey will also receive a minority equity stake in the EV Metals Group.”
Johnson Matthey plc is a sustainable technology company. The EV Metals Group is a battery chemicals and technology business.
Last year, B2RLaw advised Johnson Matthey on its agreement with Axpo Polska to have renewable electricity provided to the factory in Konin (as reported by CEE Legal Matters on February 2, 2021).
B2RLaw’s team included Senior Partner Rafal Zieba, Partner Aleksandra Polak, Counsel Agnieszka Wojciechowska, Associate Krystyna Jakubowska, and Junior Associate Michal Blados.