Liwathon’s Acquisition of Shell’s Stake in PCK Refinery
07.12.2021 - NEWS

July 12, 2021 [GlobalLegalChronicle] – The oil terminal operator Liwathon announced a strategic acquisition in Germany.

 

Through its Austrian subsidiary Alcmene GmbH, Liwathon is acquiring Shell’s stake in PCK Raffinerie GmbH in Brandenburg as well as the inventory stored there. The transaction is still subject to the partners’ and the usual regulatory approvals.

PCK Raffinerie GmbH operates one of Europe’s largest and most successful petroleum processing plants in Schwedt/Oder (north-eastern Germany). It secures more than 90 per cent of the fuel supply for Berlin and the state of Brandenburg. The stakes in the joint venture have so far been held by Shell Deutschland GmbH (37.5%), AET Raffineriebeteiligungs-Gesellschaft mbH with its partners Rosneft Refining & Marketing GmbH and Eni Deutschland GmbH (25%) and Rosneft Deutschland GmbH (37.5%). The joint venture acts as a contract processor for its partners.

The new partner, Liwathon, is the largest operator of oil product terminals in the Baltic Sea.

The Noerr team included Dr Tibor Fedke (Picture), Katrin Andrä (joint team lead), Radoslaw Biedecki, Christian Burmeister, Ira Tsoures, Jerzy Kapitanczuk, Moritz Rojek, Dr. Ramon Sieven, Dr Benjamin Jahn, Dr Stefan Schwab, Dr Mario Merget, Dr Dr Claus D. Zimmermann, Dr Martin Geipel, Patrick Jäger, Dr Jens Peter Schmidt, Philipp Studt-Tarotti, Dr Holger Schmitz, Dr Max Helleberg, Dr Clemens Schönemann, Fabian Reischauer, Hanna Pirlich, Dr Elmar Bindl, Steffen Arlich, Dr Sebastian Leidel and Janik Goßler.

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