Bird & Bird’s Warsaw team advised Głuchołaskie Zakłady Papiernicze (GZP), a Polish leading producer and processor of paper, on the transaction of the sale of one of its facilities located in Niedomice (in southern Poland) to one of the largest companies in the paper and wood industry in the Baltics – Grigeo, listed on AB Nasdaq Vilnius.
Our advice consisted in structuring the transaction, and preparing and negotiating the preliminary share purchase agreement, based on which Grigeo will buy 100% of the shares of GZP’s subsidiary which will own the paper tissue facility in Niedomice, manufacturing hygienic products for customers in the CEE region.
The transaction planned to be completed within six months from signing the agreement, subject to certain conditions precedent, marks Grigeo’s entry into the Polish market.
The project team providing the legal services was led by Ludomir Biedecki (Partner, M&A), and supported by the following: Bartlomiej Sikora (Counsel, Tax), Wojciech Nowosad (Senior Associate, M&A), Wojciech Biegański (Associate, M&A), Justyna Walendziak (Junior Associate, M&A), Karolina Ponikowska (Junior Associate, M&A) and Julia Belina (Lawyer, M&A).
The wider team included: Karolina Stawicka (Partner, Employment), Grzegorz Pizoń (Partner, Energy & Utilities), Piotr Dynowski (Partner, IP), Piotr Zawadzki (Senior Associate, IP), Emilia Stępień (Of Counsel, Data Protection), Marcin Alberski (Senior Associate, Competition) and Szymon Gołębiowski (Senior Associate, Competition), who provided sectoral advice on specific issues related to the transaction.
In relation to certain Lithuanian law aspects, Bird & Bird was supported by Tomas Kontautas (Partner) and Lina Aleknaitė-van der Molen (Counsel) from Sorainen, our best friend firm in Lithuania. Maciej Kornowski, Bernard Maciulewicz and Vadym Syedov from Santander Bank Polska S.A. acted as commercial and financial advisor to GZP.
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