EPAM Competition Law Practice successfully obtained FAS approval for acquisition of Lummus Technology, despite COVID-19 restrictions
On June 30, 2020, Haldia Petrochemicals Limited, the flagship company of The Chatterjee Group (TCG), and investment funds affiliated with Rhône Capital successfully completed the joint acquisition of Lummus Technology from McDermott International. Under the terms of the share and asset purchase agreement, Chatterjee and Rhône committed to acquiring Lummus from subsidiaries of McDermott as part of McDermott’s restructuring process.
