We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Law » September 12, 2013
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Gide Loyrette Nouel advises the Polish“Azoty” Groupin its Senegal investment
September 12, 2013   
Article's tools:

Gide Loyrette Nouel advises the Polish“Azoty” Groupin its Senegal investment

The law firm Gide Loyrette Nouel has advised Grupa Azoty Zakłady Chemiczne "Police" S.A. in acquiring a 55% share in the Senegalese African Investment Group. The value of the transaction amounted to USD 28.85 million.

African Investment Groupholds mining concessions for phosphates and ilmenites in Senegal. Through this transaction, the ZCh Police, a company from Grupa Azoty, has become the first Polish chemical company to have direct access to its own resources. The independence from external suppliers will allow the company to save about PLN 30 million already next year. According to estimates, up to a million tonnes of raw phosphates may be shipped from Senegal to Poland per year. The size of the deposits is estimated at around 56 million tonnes for phosphate rock, and 1.5 million tonnes for ilmenite sand. The next step of the investment involves launching phosphoric acid production.
“Our investment in mineral deposits marks the beginning of our company’s expansion onto African markets, with Senegal as the centre for the production and distribution of fertilisers to other countries in Africa. In order to optimise the entire process, ships transporting raw materials to Police will return with a cargo of fertilisers intended to be sold on African markets. In a few years’ time, we are planning to launch our own production of phosphoric acid.” – said Krzysztof Jałosiński, president of the management board of Azoty Zakłady Chemiczne Police S.A.
Legal assistance for the transaction was provided by Paweł Grze¶kowiak and Marta Karmińska from the Warsaw office of Gide Loyrette Nouel, along with Leila Hubeaut, Alix Deffrennes and Barthélemy Littot from the Paris office of Gide Loyrette Nouel.
“Our firm has a long-standing presence advising on a vast number of investment projects implemented by international corporations in Africa. We are very pleased with this opportunity to use our experience in assisting Polish investors.”- said Paweł Grze¶kowiak, in charge of the legal side of the transaction.
One of the eight countries forming the West African Economic and Monetary Union (UEMOA), politically and economically stable Senegal is one of the fastest developing democratic countries in Africa.

Gide Loyrette Nouel is a premier international law firm and the first to have originated in France. Founded in Paris in 1920, the Firm now operates from 18 offices in 15 countries. It has over 600 lawyers drawn from 40 different nationalities. Gide Loyrette Nouel offers some of the most respected specialists in each of the various sectors of national and international finance and business law.

Gide Loyrette Nouel was one of the first international law firms to open an office in Poland in 1990. Today, the Firm employs over 40 lawyers and tax advisors in Warsaw. Gide's Warsaw clients include financial institutions, banks, insurance companies, foreign investors, Polish large corporations and other entities, including state-owned companies and public institutions (i.e. the Ministry of Regional Development, the City of Warsaw, Ministry of State Treasury, etc.). We have advised half of the Polish WIG-20 companies (capitalization-weighted stock market index of the twenty largest companies): KGHM, PGNIG, BRE Bank, Bank Handlowy, Bank Pekao, Bank PKO BP, PGE, PKN Orlen, Synthos and Orange.

For further information, please contact:

Gide Loyrette Nouel Poland
Magdalena Jakubaszek - Business Development and Marketing Manager
Tel. +48 22 344 00 91, +48 510 070 292, e-mail: magdalena.jakubaszek@gide.com

© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE