Gelsenwasser AG (DB:WWG) acquired 94% stake in P-D Chemiepark Bitterfeld Wolfen Gmbh from P-D Management Industries-Technologies GmbH on September 3, 2013. As a result of this investment, P-D ChemiePark Bitterfeld Wolfen now boasts state-of-the-art production and clarification plants, a large road and pipeline network in an area of 1400 ha, more than 360 located companies, 12000 employees, and a large network of chemical materials. Supervisory Board of Gelsenwasser AG approved the transaction. Rolf Becker and Andreas Piechotta of SynCap Management GmbH acted as the financial advisor to P-D Group. Rüdiger von Hülst, Wilhelm Hartung, Patricia Milch, Marion Baumann and Annette Mutschler-Siebert of K&L Gates LLP acted as legal advisor for Preiss-Daimler P-D Group.

Gelsenwasser AG (DB:WWG) completed the acquisition of 94% stake in P-D Chemiepark Bitterfeld Wolfen Gmbh from P-D Management Industries-Technologies GmbH on September, 2013. The deal was approved by German Federal Cartel Office.