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Abu Dhabi MAR acquires Blohm + Voss

 

14 April 2010

Allen & Overy has advised Abu Dhabi MAR, an international shipbuilding company based in Abu Dhabi, on the acquisition of Blohm + Voss Shipyards GmbH from ThyssenKrupp Marine Systems.  

The agreement includes the acquisition of Blohm + Voss Shipyards, based in Hamburg and HDW-Gaarden GmbH's production facilities and employees located in Kiel. Furthermore, Abu Dhabi MAR has acquired 80% in each of the Hamburg-based companies Blohm + Voss Repair GmbH and Blohm + Voss Industries GmbH. The parties also agreed on the formation of a 50:50 strategic partnership for the design and project management of naval vessels.

The transaction is subject to clearance, as required under merger control laws. For the naval side, the transaction is subject to disclosure requirements under the German Foreign Trade Act (Außenwirtschaftsgesetz - AWG).

The parties agreed not to disclose the purchase price.

The Allen & Overy team included partners Dr Hartmut Krause (Lead), Dr Michael J. Ulmer (both Corporate/M&A, Frankfurt), Dr Hans Schoneweg (Corporate/M&A, Hamburg), Dr Neil George Weiand, Mark Manson-Bahr (both Banking and Finance, Frankfurt), Eugen Bogenschütz, Dr Asmus Mihm (both Tax, Frankfurt), Dr Nadine Herrmann (IP/IT, Hamburg), Andrew Schoorlemmer (Corporate/M&A, Dubai), Ken Rivlin (Regulatory, New York), counsels Dr Frederik Wiemer (Antitrust, Hamburg), Dr Bettina Enderle (Public Law, Frankfurt), Jan K. Schäfer (Arbitration, Frankfurt), as well as associates Alexander Wüpper, Dr Matthias Horn, Sönke Schröder, Christian Fahrenholz (all Corporate/M&A, Frankfurt), Dr Christian Hilmes, Dr Jonas Wittgens, Trutz Rendtorff, Andrea Ehm (all Corporate/M&A, Hamburg), Joachim Lehnhardt (IP/IT, Hamburg), Andrea Pomana (Antitrust, Hamburg), Dr Alexander Rehs (Public Law, Frankfurt), Dr Dominik Roderburg (Tax, Frankfurt) and Zeid Hanania, Zeid Qursha, Mohamad Gias Abdul Rahman and Mahmoud Kherallah (all Corporate/M&A, Dubai).

 

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