Chinese buy from Chinese in Germany: GvW advises the investor in the purchase of EKOF Mining & Water Solution GmbH.
REFD Investment GmbH, the German subsidiary of a Chinese investor, has acquired 100% of the shares in EKOF Mining & Water Solution GmbH. The acquisition of this chemical company constitutes the market entry into Germany for the Chinese investor.
EKOF Mining & Water Solution GmbH specializes at its location in Bochum on the production of products in the areas of mineral and coal flotation as well as water treatment. The traditional company which was established in the year 1921 offers to its customers highly developed, innovative and environmentally friendly products.
The seller is a company in the group of Humboldt Wedag International AG, in which the majority of shares are held by a corporate group belonging to the Chinese state. The business located in Cologne and with centers in the USA, India, Russia and the Asian-Pacific region is one of the leading suppliers of machinery and machinery parts for the cement industry.
GvW Graf von Westphalen advised the Chinese investor under the lead of the Frankfurt partner Dr Marco Zessel with a team consisting of Ming Yi (both Corporate/M&A), Christian Kusulis (IP), Dr Frank Tschesche (Tax Law) and Karsten Kujath (Employment Law).
The transaction is already the second market entry of a Chinese investor in which the law firm has been involved in recent months. The team of Dr Marco Zessel, supported by the GvW office in Shanghai, advised another Chinese investor in the acquisition of the majority shares in the Romaco Group just in May (more).
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