Freshfields and Arnold & Porter advise on $3.8 billion chemicals deal
The world's largest chemical company – the Germany company BASF – has agreed to acquire Cognis Holding GmbH, a German producer of food and cosmetics ingredients, in a $3.8 billion cash deal.
Cognis called upon Freshfields Bruckhaus Deringer for legal advice on the deal, and the firm put together a team that included corporate partners Andreas von Werder and Stephan Eilers in Frankfurt, Matthew Herman in New York, and Frank Miller in London. Tax partner Adalbert Roedding worked on the deal in Cologne and antitrust partner Burkhard Richter worked from the firm's Dusseldorf office. Carl Braun, Cognis' chief legal counsel, led the company's in-house legal team.
BASF relied on in-house counsel for the majority of legal work surrounding the deal, but the company turned to Arnold & Porter for advice on competition issues. The Arnold & Porter team was led by partner Annette Schild in Brussels.
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