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Wolf Theiss Advises Arkema on Majority Stake Acquisition in Proionic

Wolf Theiss Advises Arkema on Majority Stake Acquisition in Proionic

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Wolf Theiss has advised the Arkema Group on its acquisition of a nearly 78% stake in ionic liquid start-up Proionic.

Financial details were not disclosed.

Proionic was founded in 2004 by Roland Kalb in Graz, Austria, and is active in the field of ionic liquids, with innovative and competitive proprietary technologies for both their synthesis and recycling. Ionic liquids are components for the next generation of lithium-ion batteries.

The Arkema Group offers a range of materials that improve the performance of today’s batteries, particularly in terms of energy density, safety, temperature resistance, and cooling system performance.

According to Wolf Theiss, "with this acquisition, Arkema is preparing for the next technological developments and consolidating its position as a key player in supporting its customers in the battery ecosystem, regardless of the technologies involved. Proionic will benefit from significant technological and commercial synergies with Arkema, which will enable it to greatly accelerate its development in the coming years."

The Wolf Theiss team was led by Partner Florian Kusznier and Senior Associate Martina Edlinger and included Partners Stefan Wartinger and Matthias Unterrieder, Counsel Stefan Horn, Consultant Karin Spindler-Simader, Senior Associates Philip Wrabetz, Anna Schwamberger, and Georg Knafl, and Associates Klemens Kendler, Sophie Weber, Teresa Atzelsdorfer, Pascal Gstoettner, Dorothea Arlt, Dominik Mayrhofer, and Julia Moser.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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