17.02.2016

Luther advises Getreide AG on sale of another subisdiary

Getreide AG has sold Brandenburg-based Landhandel GmbH Gransee to ATR Landhandel GmbH & Co. KG.

Background

Getreide AG has sold Brandenburg-based Landhandel GmbH Gransee to ATR Landhandel GmbH & Co. KG. In the transaction, Getreide AG was assisted by Luther lawfirm and relied on proven advisors: In 2014, Luther had already supported the agricultural group during the sale of a majority of its agricultural trade activities to the Danish Dava Agravis. At the time, the deal included nine companies with about 60 locations (seePress Release).

In mid-February 2016, Getreide AG (Rendsburg/Schleswig-Holstein) sold its last agricultural trade subisidiary, Landhandel GmbH Gransee, to ATR Landhandel GmbH (Ratzeburg/Schleswig-Holstein).

Originally, it was planned to sell Landhandel GmbH Gransee to Dava Agravis within the context of the large transaction in 2014. However, the cartel office raised competetive concerns regarding the locations of Landhandel GmbH Gransee. Landhandel GmbH Gransee was therefore removed from the sale to Dava Agravis and remained with Getreide AG.

With Landhandel GmbH Gransee, ATR Landhandel is now taking over the locations in Gransee, Fehrbellin, Glöwen, Parchim and Pritzwalk and is thereby expanding its area of operation in East Germany. Getreide AG continues to be involved in the direct collection and the trade of grains and canola. Confidentiality was agreed upon regarding the purchase price. The project has not yet been approved by the cartel authorities.

For Getreide AG

Luther, Mergers & Acquisitions: Dr Florian Schulz (Lead Partner), Daniel Fehling, LL.M. (both Hamburg)

Luther, Tax law: Karl Ober, LL.M. (Munich)

Luther, Competition Law: Dr Helmut Janssen, LL.M. (Dusseldorf, Brussels)

Luther, Public Law: Dr Gernot-Rüdiger Engel (Partner), Dr Mathias Mailänder (both Hamburg)

wetreu NTRG Norddeutsche Treuhand- und Revisionsgesellschaft mbH (Tax): Frank Schmidt, Hartmut Kaack

For ATR Landhandel GmbH & Co. KG

Hogan Lovells: Dr Andreas H. Meyer, Dr Marc Schweda (both Partner), Frank Hahn, Sebastian Pläster, Jonna Kappler Fernandes (all Hamburg)

Ernst & Young (Steuern): Christiane Werner

 

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Author
Dr Gernot-Rüdiger Engel

Dr Gernot-Rüdiger Engel
Partner
Hamburg
gernot.engel@luther-lawfirm.com
+49 40 18067 16639

Daniel Fehling, LL.M. (Auckland)

Daniel Fehling, LL.M. (Auckland)
Partner
Hamburg
daniel.fehling@luther-lawfirm.com
+49 40 18067 13409

Dr Helmut Janssen, LL.M. (King's College London)

Dr Helmut Janssen, LL.M. (King's College London)
Partner
Brussels, Dusseldorf
helmut.janssen@luther-lawfirm.com
+32 2 627 7763 / +49 211 5660 18763 / +49 1520 16 18763

Dr Florian Schulz M.B.A. (Nimbas)

Dr Florian Schulz M.B.A. (Nimbas)
Partner
Hamburg
florian.schulz@luther-lawfirm.com
+49 40 18067 18023