Stuttgart, April 18th, 2019
As part of the worldwide PwC Legal network, PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal Germany) provided legal advice to Elanco Animal Health Inc. (Elanco) to spin off from pharmaceutical company Eli Lilly and Company (Eli Lilly) in preparation of a subsequent initial public offering. More than 70 countries of the PwC Legal network were involved in the spin-off of the Elanco animal health business from Eli Lilly.
On March 11, 2019, Elanco officially completed its separation from Eli Lilly and traded as a standalone entity for the first time at New York Stock Exchange.
Established in 1954, Elanco Animal Health Inc. provides comprehensive products and knowledge services to improve animal health and fodder production in more than 90 countries around the world.
Eli Lilly and Company, founded in 1876, is a global pharmaceutical company headquartered in Indianapolis (USA).
Advisors to Elanco:
PwC Legal Germany:
Robert Dorr, Dirk Krome (both lead advice, Corporate/International Business Reorganisations, Stuttgart), Carmen Meola (Employment law, Stuttgart) and Karsten Horch (Corporate/International Business Reorganisations, Stuttgart)
For additional information please contact:
About PwC Legal:
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (law firm PwC Legal) is represented with more than 230 lawyers at 18 locations in Germany. It provides integrated legal advice in cooperation with the business lines audit and assurance services (Assurance), tax consulting services (Tax) as well as deals and consulting (Advisory) of PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft. Sound technical know-how and practice-oriented economic understanding characterize the way we work.
PwC Legal is a member of the worldwide PwC Legal network, with more than 3,500 lawyers offering their services in 100 countries worldwide.
The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 158 countries, more than 250,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax and Business Consulting.
The brand name, PwC, refers to the PwC network and/or to one or several of its member firms, each of which is a separate legal entity. Further details under www.pwc.com/structure.