K&L Gates LLP has advised Preiss-Daimler P-D Group on the sale of P-D ChemiePark Bitterfeld-Wolfen GmbH to Gelsenwasser AG. After purchasing Chemiepark Bitterfeld-Wolfen during a privatization process in 2000, the P-D Group has successfully developed and continued its operations, with Chemiepark today providing an integrated network of infrastructure and value-added services for 360 national and international companies on a 1,200 hectares site.

The transaction was completed in September 2013 following the approval of the German Federal Cartel Office.

The transaction was led by corporate partners Dr. Rüdiger von Hülst and Dr. Wilhelm Hartung. Corporate associate Dr. Patricia Milch provided advice concerning corporate company structuring and contractual documentation. Associate Marion Baumann and partner Dr. Annette Mutschler-Siebert counseled with regards to procurement and antitrust law.