Pitmans Advises British Salt Trustees on the Sale of British Salt to Brunner Mond


Pitmans, a leading commercial law firm in the Thames Valley, has advised the Trustees of the British Salt Retirement Income & Retirement Plan, on the recent sale of Cheshire Salt Holdings Ltd (CSHL), the parent company of British Salt Limited to Brunner Mond, which is wholly owned by Tata Chemicals Ltd (TCL). Parminder Latimer, Pensions Director at Pitmans, advised the Trustees of the pension scheme as part of the deal.

British Salt Trustee, Alan Gent commented: “As Pitmans had advised the Trustees during the previous transaction, we had no hesitation in asking them for their support during the recent sale of British Salt. They are very good communicators and dealt with all issues in a prompt and professional manner.”

Parminder Latimer at Pitmans said: “Having advised the Trustees in the previous transaction with LDC, Pitmans was delighted to be instructed once again by the Trustees of the pension scheme. Many complicated issues arose including managing conflicts of interest however our relationship with the Trustees and familiarity of the business and the Scheme helped us negotiate and facilitate a deal between Brunner Mond and the Trustees which secures the future of the Scheme.”

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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