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Allen & Overy advises Evonik Industries AG on extension of its equity interest in Borussia Dortmund GmbH & Co. KGaA

18 September 2014

Allen & Overy LLP advised Essen-based Evonik Industries AG on the increase of its equity interest in Borussia Dortmund GmbH & Co. KGaA from 9.06% to approximately 14.78%.

The new shares were acquired both through the exercise of subscription rights and by way of participation in a non-public private placement.

Following the acquisition of this equity interest, Evonik Industries AG has become the largest individual shareholder in Borussia Dortmund GmbH & Co. KGaA. Herewith Evonik Industries AG further expanded the existing brand partnership with Borussia Dortmund which was, amongst others, already strengthened on a long-term basis in June 2014 with the renewal of the main sponsor agreement until the end of the 2024/2025 season.  Both partners have thus established excellent foundations for new economic and sporting success on the national and international stage.

The Allen & Overy team comprised partner Dr. Hans-Christoph Ihrig and associate Dr. Tilmann Becker (both corporate, Mannheim).