Rymarz Zdort Maruta has advised Polish state-owned company Weglokoks on its acquisition of an 80% stake in Port Polnocny from Belgian group Sea-Invest. DLA Piper advised the seller.
Weglokoks will not be the sole shareholder in Port Polnocny, as 20% will continue to be held by steel manufacturer ArcelorMittal.
According to Rymarz Zdort Maruta, PPS Port Polnocny is the "largest and most important bulk port in Poland and a key asset to securing imports of bulk goods into Poland, particularly thermal coal, coking coal, and iron ore."
Weglokoks is a state-owned holding company operating in the mining, metallurgical, energy, and logistics sectors, and a coal producer and distributor in Poland.
Sea-Invest manages 23 seaports in Europe and Africa, operates oil tanks and terminals in global ports, and is a port transshipment operator for dry bulk goods and fruit in Europe.
"This transaction has strengthened the market position of Weglokoks and furthers the company’s plans to operate in foreign markets," Rymarz Zdort Maruta reported. "Having purchased the shares, Weglokoks will be able to develop its business in the logistics sector and ensure better integration of its services. Furthermore, the return of Port Polnocny to Polish hands will significantly enhance Poland’s energy security."
The Rymarz Zdort Maruta team included Managing Partner Pawel Rymarz, Partners Jakub Krzemien and Iwona Her, Counsel Irmina Watly, Senior Associates Diana Sofu, Tomasz Bakowski, and Piotr Wawrzeniuk, and Associates Justyna Niezgoda and Karol Wojtkowski.
The DLA Piper team included Partner Jakub Marcinkowski, Counsel Izabela Gebal, Senior Associate Jakub Szczygiel, Associate Jakub Niemiec, and Junior Associates Aleksander Stanek and Natalia Cichocka.