Cassiopea Partners acted as exclusive financial advisor to BP Italia S.p.A. (“BP Italia”), the Italian subsidiary of BP p.l.c. (“BP”), in the sale of a going concern including the oil blending site in Cornaredo (MI) (the “Going Concern”) to Foundry Alfe Chem S.r.l. (“Foundry Alfe Chem”).
BP is the listed British multinational operating in all areas of the oil and gas industry – including exploration and extraction, refining, distribution, marketing and trading – as well as in the lubricants sector through its Castrol business.
Foundry Alfe Chem is an Italian company active in the field of production and distribution of lubricants and chemical auxiliaries for industrial processes with operations in Italy, Mexico and China.
Maurizio Capasso, Director of Cassiopea Partners, commented: “We are very proud to have advised BP Italia in this transaction representing additional evidence of Cassiopea Partners’ ability in successfully closing strategic assignments for large corporates”.
Alongside Cassiopea Partners, BP Italia was assisted by CMS Adonnino Ascoli & Cavasola Scamoni as legal advisor, by Jones Lang LaSalle for real estate matters and by AECOM for the Environmental due diligence.