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07 March 2024
press release
austria czech republic poland

Austria/Czech Republic/Poland: Schoenherr advises Hartree Partners on cross-border energy joint venture with Botres Group

Schoenherr advised Hartree Partners Ltd., a global energy and commodities firm, on its acquisition of 50 % of the shares in Botres Group, a key supplier of ultra-modern industrial biogas plants and biorefineries in Austria, the Czech Republic, Poland, Italy and Spain, and the formation of a cross-border equity joint venture in the energy sector.

An international Schoenherr team provided comprehensive legal advice to Hartree Partners in this cross-border energy transaction spanning five jurisdictions. The advisory services encompassed the structuring of the transaction and the joint venture, the acquisition of shares and the investment into the target company, the shareholder and joint venture agreements, and the legal due diligence process for Austria, the Czech Republic, Poland, Italy and Spain.

"We are happy to have supported Hartree Partners on this important energy transaction. This cross-border joint venture will certainly be a milestone on the way to building a tier-one bio-methane production company across Europe," said Michael Marschall, who led the Schoenherr team.

Hartree Partners (UK) Ltd. is a global commodities firm actively trading in oil, gas, power, refined products, shipping, metals and equities.

Headquartered in Graz, Austria, Botres Group has several subsidiaries in Poland, the Czech Republic, Italy and Spain. The company designs, builds and operates ultra-modern industrial biogas plants and biorefineries, based on proprietary technology.

The Schoenherr team advising Hartree Partners was led by Michael Marschall (partner), who was supported by Alexander Popp (partner), Lukas Pirringer (associate), Alexandra Jelinek (associate), Roland Misic (associate), Bernd Rajal (partner), Clemens Rainer (partner), Teresa Waidmann (partner), Nina Zafoschnig (attorney at law), Yvonne Kraudinger (associate), Hanna Elisabeth Kirschner (associate), Stefan Egger (associate) and Alexandru Caprau (associate) on the Austrian aspects of the deal. Vladimír Čížek (partner), Michal Jendželovský (counsel) and Jan Kupčík (attorney at law) advised on Czech law. Katarzyna Sulimierska (partner), Krzysztof Pawlak (partner), Daria Rutecka (partner), Ewelina Adamczyk (attorney at law), Krzysztof Leśniak (senior attorney at law), Paweł Kułak (senior attorney at law), Adam Nowosielski (senior associate), Klaudia Szatan (associate) and Róża Szatan (associate) advised on the Polish aspects of the deal. Regulatory clearances were covered by Volker Weiss (partner) and Lisa Todeschini (attorney at law).

Legance acted as local counsel in Italy, Cuatrecasas as such in Spain.

The sellers were represented by CMS (Clemens Grossmayer, David Kohl).