White & Case advises the Prax Group on acquisition of interest in PCK Raffinerie

Press Release
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Global law firm White & Case LLP has advised the Prax Group, an independent global energy conglomerate, on its agreement to acquire a 37.5 percent interest in PCK Raffinerie GmbH (PCK) and its associated logistics assets from Shell Deutschland GmbH.

"This transaction marks the latest in Prax Group's strategic acquisitions aimed at expanding its presence across continental Europe," said White & Case partner Richard Jones, who led the Firm's deal team. "It follows the Prax Group's recent acquisition of OIL! Tankstellen, on which we also advised."

Headquartered in London, the Prax Group is an independent global energy conglomerate dealing in crude oil, petroleum products and bio-fuels, with a complete integration across the oil value chain, from upstream to downstream. The Prax Group is currently the fifth largest independent forecourt retailer in the United Kingdom selling fuel and non-fuel convenience products and services.

PCK is one of Germany's largest refineries and a national strategic asset, responsible for supplying approximately 90 percent of the gasoline, jet fuel, diesel and fuel oil in Berlin and Brandenburg, and servicing the broader East German region. Additionally, the refinery plays a crucial role supplying oil products to Poland, and other neighbouring European countries.

The White & Case team which advised on the transaction was led by partner Richard Jones (London) and included partners Thomas Burmeister (Düsseldorf), Tilman Kuhn (Düsseldorf & Brussels), Bodo Bender, Sebastian Stütze, Markus Burianski (all Frankfurt) and Sara Nordin (Brussels & Stockholm), local partners Thyl Haßler, Thilo Wienke (both Düsseldorf) and Mathias Bogusch (Frankfurt), counsel Andreas van den Eikel (Berlin) and Sascha Schmidt (Frankfurt), and associates Debbie Linde, Thorsten Eggert, Moritz Schneider (all Hamburg), Paul Kohlhaas (Frankfurt), Selma Lyn Kalkutschke (Düsseldorf), Alexander Bijok, Laurent Hoff (both Frankfurt), Mathilda Xu (Berlin) and Tobias Zuber (Brussels).

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