SK&S advised Uniwheels Holding (Malta) Ltd. (“UHM”) in the sale of a majority block of shares in a German company listed on the Warsaw Stock Exchange– Uniwheels A.G. (“Uniwheels”) to the American corporation Superior Industries International (“Superior”).
SK&S, together with the German law firm SZA Schilling, Zutt & Anschütz (Frankfurt), which had a leading advisory role in the transaction, advised UHM in the transaction, including in particular with regard to the regulatory obligations related to the sale of the controlling block of shares in Uniwheels, as well as in preparation for the agreement with Superior.
Under a public invitation to subscribe for the sale of 100% of the shares in Uniwheels, Superior intends to acquire the entire shareholding. On the basis of the agreement UHM concluded with Superior, UHM undertook to sell the majority block (over 61%) of shares held in Uniwheels as part of Superior’s tender offer directed at all shareholders. The value of the transaction (100% of the shares) is over 2.8 billion PLN.
Uniwheels is a leading producer of aluminum wheel rims on the European market, and one of the largest suppliers of wheel rims to car manufacturers in Europe. The company is listed on the Warsaw Stock Exchange. Superior is the largest producer of aluminum wheels for passenger cars and small delivery vans in North America, listed on the New York Stock Exchange.
For SK&S, the project was handled by Łukasz Berak, Partner in the M&A department. He was assisted by Andrzej Motyka (Senior Associate in the capital markets/M&A department) and Justyna Młodzianowska (Of Counsel in the capital markets department). Tax issues were handled by Piotr Andrzejak, Partner in the tax advice department.