SSW advised on a 1 bn PLN sale of shares in Impexmetal S.A. to Gränges AB

SSW Pragmatic Solutions acted as a legal advisor to Boryszew S.A. in a sale of Impexmetal S.A. to a Swedish manufacturer of aluminium products – Gränges AB. The transaction was executed at Impexmetal’s valuation of PLN 938,000,000.00 (enterprise value), which was adjusted with the amounts of i.a. net debt, net working capital and pre-paid investment outlays to set the final purchase price. The transaction was closed on 6 November 2020.

Impexmetal S.A. is a company which operates mainly in the sector of non-ferrous metals. Impexmetal S.A. is specialized in the production of rolled aluminium products. The company has been distributing those metals and semi-finished products abroad for more than 50 years.

Members of the SSW Pragmatic Solutions’ team were responsible for comprehensive legal services in the the deal. The team was managed by Szymon Okoń, PhD (partner), assisted by Tomasz Kwaśniewski (senior associate) and Dawid Brudzisz (associate). The following persons were also involved in the deal: Karolina Turko (banking & finance), Katarzyna Solarz (corporate law), Tomasz Wickel and Przemysław Szabat (tax law) and Jakub Jędrzejewski (competition law).

Congratulations to our client Boryszew S.A. (including Piotr Lisiecki, Krzysztof Kołodziejczyk & Mikołaj Budzanowski), the acquiring company Gränges AB and the target company Impexmetal S.A. (including Piotr Szeliga) as well as all those involved in such an important deal. Special thanks for the investment bankers and brokers of Santander Bank Polska: Lech Gałkowski, Maciej Skarul, Urszula Świeczkowska, Małgorzata Jachymek, Anna Kucharska.