YOUR
Search

    06.10.2022

    ADVANT Beiten advised Sappi Limited on the divestment of graphic paper mills in three European countries

    Press Releases

    Munich/Frankfurt, 7 October 2022 – ADVANT Beiten is advising Sappi Limited ("Sappi") on the German law aspects of the contemplated sale and carve-out transaction involving Sappi's graphic paper mills in Stockstadt (Germany), Maastricht (the Netherlands) and Kirkniemi (Finland) with over 1,400 full-time employees combined to AURELIUS Investment Lux One S.à.r.l. ("Aurelius").

     

    The transaction is structured as a share deal whereby Aurelius will acquire the specific legal entities, i.e. Sappi Stockstadt GmbH, Sappi Maastricht Real Estate B.V. (including its subsidiary Sappi Maastricht B.V.), Sappi Finland I Oy and Sappi Finland Operations Oy, which own and control the assets and liabilities of the individual mills.

     

    The enterprise value of the transaction amounts to approximately EUR 272 million and the consideration consists of cash proceeds and retained receivables as well as retained liabilities. The transaction is expected to close in Q1 2023, subject to various standard suspensive conditions.

     

    Sappi is a global leader in dissolving pulp and paper-based solutions, headquartered in Johannesburg, South Africa. It has over 12,000 employees, manufacturing facilities in ten countries spanning over three continents and customers in over 150 countries worldwide.

     

    Advisors to Sappi Limited:

     

    Advant Beiten: Dr Christoph Schmitt (Lead Partner; Banking & Finance) and Dr Markus Ley (Lead Partner, Corporate Law); Dr Mario Weichel and Maximilian Matusewicz (both Corporate Law); Dr Gerald Müller-Machwirth and Maike Pflästerer (both Employment Law); Katrin Lüdtke and Philipp Früh (both Public Law); Anja Fischer (Real Estate); Susanne Klein (IT Law and Data Protection) as well as Christoph Heinrich, Dr Christian Heinichen and Cathleen Laitenberger (all Antitrust and Competition Law).

     

    Stibbe is advising on the Dutch law aspects and Fondia is advising on the Finnish law aspects of the transaction.

     

    Media Contact

    Frauke Reuther

    Manager Kommunikation

    ADVANT Beiten

    +49 (69) 75 60 95 - 570

    Frauke.Reuther@advant-beiten.com

     

    Markus Ley

    Rechtsanwalt

    ADVANT Beiten

    +49 (89) 35 0 65 - 1211

    Markus.Ley@advant-beiten.com

     

    E-Commerce Action Plan: Germany’s Strategy…
    On 6 September, the German Federal Ministry of Economics and Technology (“BMWK”)…
    Read more
    Consent Management Regulation - Goodbye co…
    According to a recent study by Bitkom, 76% of internet users feel annoyed by coo…
    Read more
    German Federal Court of Justice (BGH) conf…
    A vote cast contrary to a voting commitment is valid, even if all shareholders e…
    Read more
    Russian Supreme Court: Arbitrators from “U…
    On 26 July 2024 the Russian Supreme Court decided on the enforcement and recogni…
    Read more
    All gone: retroactive withdrawal of the ma…
    The retroactive and complete withdrawal of a non-competition compensation in the…
    Read more
    General meeting: ban on bringing devices s…
    Shareholders may not generally be prohibited from merely carrying mobile phones …
    Read more
    Ursula von der Leyen re-elected European U…
    Commission President Ursula von der Leyen was re-elected Commission President w…
    Read more
    The European Commission's Revised Market D…
    Market definition permeates every competition law assessment. It is an essential…
    Read more
    ADVANT Beiten Advises Dusseldorf-Based MedTech Company CUREosity Again on Financing Round
    Dusseldorf, 2 July 2024 – The international commercial law firm ADVANT Beiten has advised CUREosity GmbH, Dusseldorf, on a growth financing round which brought the medtech company a total of approximately …
    Read more