Business & Leadership

Basham Ringe y Correa Advises on Lyondellbasell’s $2.25bn Acquisition of Schulman


Basham, Ringe y Correa has assisted LyondellBasell and Schulman, Inc. in the pre-merger filing before Mexico's Competition Commission (COFECE) in order to obtain antitrust clearance for the acquisition. The deal closed August 21st.

 

The transaction also required the authorization by the antitrust regulators of the United States China, Mexico, Brazil, Turkey and the European Union.

 

As a result, the operation creates an industry-leading compounding business and establishes a platform for future growth to reach into additional high-growth markets, Complementary strengths and capabilities will provide customers with a full range of innovative products and end-to-end solutions.

 

The team served as legal counsel with a team led by partner Amilcar Peredo and assisted by associates Carmina Paredes and Manuel Iglesias.

 

Shearman & Sterling coordinated the global filing for LyondellBasell, while Skaden Arps arranged it on behalf of Schulman Inc.

 

C.G.L.

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