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Allen & Overy advises Saudi Aramco on the proposed acquisition of the remaining 50% stake in ARLANXEO joint venture from LANXESS

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Horn Matthias
Dr Matthias Horn


Frankfurt am Main

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09 August 2018

Allen & Overy LLP has advised the Saudi Arabian Oil Company (Saudi Aramco), the world’s leading integrated energy and chemicals company, on the proposed acquisition of LANXESS AG’s interest in ARLANXEO, a Netherlands-based specialty chemicals joint venture between Saudi Aramco and LANXESS launched in 2016.

Saudi Aramco’s proposed purchase of LANXESS’s 50% share in ARLANXEO, valued at EUR1.5 billion on an enterprise value basis, would result in Saudi Aramco owning 100% of ARLANXEO. 

Headquartered in Maastricht (Netherlands), ARLANXEO generated sales of around EUR 3.2 billion in 2017 and employs about 3,800 people at 20 production sites in nine countries. The company produces high-performance rubber for use in the automotive and tire industries, the construction industry, and the oil and gas industries, for example.
Subject to the receipt of all regulatory approvals and consultation with the competent employee representative bodies, Saudi Aramco and LANXESS are targeting December 31, 2018 for the completion of the transaction.

The international Allen & Overy team was led by Frankfurt based Corporate/M&A partner Matthias Horn who has already advised Saudi Aramco on the establishment of its joint venture with LANXESS in 2016 and has ever since continued to assist Saudi Aramco on its investment in ARLANXEO, as well as Düsseldorf based Corporate/M&A partner Murad Daghles who has advised Saudi Aramco and other Middle Eastern clients on investments in Germany. They were significantly supported by senior associate Thyl Hassler.

The international Allen & Overy team includes partners  Dr Matthias Horn (Corporate/M&A, Frankfurt), Dr Murad Daghles (Corporate/M&A, Düsseldorf ), Dr Gottfried Breuninger (Tax, Munich) and Dr Jürgen Schindler (Antitrust, Hamburg/Brussels), counsel Dr Dirk Schade (Tax, Munich), senior associate Dr Thyl Hassler (Corporate/M&A), associates Anna Kräling (IP) and Dr Conrad Schulte-Wintrop (Corporate/M&A, all Düsseldorf).

Dutch law advice was provided by senior associate Sander Schouten (Employment) and associate Heleen van der Weijer (Corporate/M&A, both Amsterdam). French law advise was provided by partner Jean-Claude Rivalland (Corporate/M&A), counsel Olivier Picquerey and associate Mathilde Lapostolle (both Employment, all Paris).