Cyril Amarchand Mangaldas acted as legal counsel to the US’ LyondellBasell Group in its acquisition of the chemical business of Aurangabad-based company SJS Plastiblends, which was advised by Economic Laws Practice (ELP).

The acquisition signed on 7 August involves transfer of the whole business of manufacturing, distribution and sales of polypropylene compounds conducted by SJS Plastiblends, as reported by the Economic Times and others.

The Cyril Amarchand Mangaldas was led by Mumbai-based corporate partners Vandana Shroff and Anshuman Jaiswal, assisted by New Delhi-based tax partner SR Patnaik and competition law advice by Mumbai-based competition partner Nisha Kaur Uberoi.

KPMG acted as financial advisors to the LyondellBasell Group.

SJS Plastiblends Private Limited was advised by ELP associate partner Amit Manubarwala, with Singhi Advisors acting as its financial advisors.

New York Stock Exchange listed LyondellBasell is one of the world’s largest plastics, chemicals and refining companies and has an existing India presence.