INEOS Limited signed a deal to acquire 50% stake in Naphtachimie SA, Appryl, Gexaro and 3TC from TotalEnergies SE (ENXTPA:TTE) on July 5, 2023. As part of the agreement, INEOS will also acquire the southern sections of TotalEnergies? ethylene pipeline network running from Lavéra to the Lyon region.

Completion of the deal is subject to consultation and regulatory approval. The deal is expected to close in end of 2023. As on March 13, 2023, European Commission unconditionally approved the deal.

Bredin Prat & Associes, Slaughter and May, LPA-CGR and Lebreton and associates acted as legal advisor to INEOS. Bredin Prat team includes Corporate: Matthieu Pouchepadass (partner), Jean Senard, Alessia Grassi and Valentine Louf Employment law: Laetitia Tombarello (partner) and Caroline CombesTax: Franck Morhain (counsel), Kevin Guillou and Claire ChabredierIP / IT: Juliette Crouzet (counsel)Competition: Olivier Billard and Arthur Helfer (partners)Public Law: Yann Aguila (partner), Guillaume Lonard and Wallis Hebert. Allen & Overy France acted as legal advisor to TotalEnergies.