Maravela|Asociatii is representing Chimcomplex Borzesti S.A. in a tender for the assets of Romania's Oltchim chemical company. Oltchim is being assisted by Bondoc & Asociatii and White & Case.
According to Maravela|Asociatii, "the bid for the acquisition of Oltchim’s assets has been submitted and the finalization of the selection process is currently expected."
Maravela|Asociatii Partners Gelu Maravela and Dana Radulescu are assisting on the due diligence process, tender preparation, transaction document drafting, and financing, and Partner Alina Popescu and Associate Magda Grigore are assisting on competition aspects, including complex state aid analysis and merger control related aspects. Insolvency matters are coordinated for the firm by Partners Dana Radulescu and Mirela Metea, Partner Dana Radulescu and Senior Associate Daniel Alexie are assisting on environmental matters, and Managing Associate Daniel Vinerean is coordinating the firm's advice on real estate matters.
According to Maravela|Asociatii, the Brussels office of Gleiss Lutz, including Ulrich Soltesz and Thomas Pflock, are assisting Chimcomplex "in defining the strategy as well as in the relationship and liaison with the European Commission regarding state aid."