Malaysian PETRONAS Chemicals Group Berhad has entered into agreements to acquire Swedish specialty chemicals company Perstorp Holding AB.

PETRONAS Chemicals Group Berhad is Malaysia's leading integrated chemicals producer and one of the largest in Southeast Asia. Headquartered in Kuala Lumpur, it operates a number of world-class production sites, which are fully vertically integrated from feedstock to downstream end-products.

Founded in 1881, with its headquarters in Malmö, Sweden, Perstorp is one of the world’s leading specialty chemicals companies. The company operates manufacturing units in Asia, Europe and North America as well as sales representation in all major markets.

Baker McKenzie acted as legal adviser to PETRONAS Chemicals Group Berhad with an international team consisting of 155 lawyers in 25 offices across four continents - including subject matter experts, local experts and industry experts.

The team led by partners Munir Abdul Aziz in Kuala Lumpur, Anders Fast in Stockholm, Susannah Davies in London and Jean-Philippe Smeets in Luxembourg provided support to PETRONAS Chemicals Group Berhad throughout the transaction across all key areas including due diligence in multiple jurisdictions, transaction documentation and negotiation, and holistic legal and regulatory advice.
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