ADVANT Beiten advises Sappi

ADVANT Beiten advises Sappi

The anticipated sale and carve-out transaction involving Sappi’s graphic paper mills in Stockstadt (Germany), Maastricht (Netherlands), and Kirkniemi (Finland) with a combined workforce of over 1,400 full-time people is being advised by ADVANT Beiten on the German law elements (“Aurelius”).

The acquisition is put up as a share deal in which Sappi Stockstadt GmbH, Sappi Maastricht Real Estate B.V., Sappi Finland I Oy, and Sappi Finland Operations Oy, the legal companies that own and manage the assets and liabilities of the individual mills, will be acquired by Aurelius.

The price for the transaction, which has an enterprise value of about 272 million euros, is made up of cash proceeds, retained receivables, and retained liabilities. The deal is anticipated to close in Q1 2023, excluding any usual suspensive circumstances.

Sappi, with its headquarters in Johannesburg, South Africa, is a world leader in solutions based on pulp and paper. It has approximately 12,000 employees, production plants in ten nations on three continents, and clients in more than 150 nations.

ADVANT Beiten advisors to Sappi include: Dr. Markus Ley, Lead Partner of Corporate Law; Dr. Mario Weichel, Lead Partner of Banking & Finance; Dr. Gerald Müller-Machwirth, Lead Partner of Employment Law; Maike Pflästerer, Lead Partner of Public Law; Anja Fischer, Lead Partner of Real Estate; Susanne Klein, Lead Partner of IT Law and Data Protection; and Drs. Christoph Heinrich, Christian Heinichen (all Antitrust and Competition Law).

Regarding the transaction’s Dutch and Finnish legal facets, Fondia and Stibbe are each providing advice.

Dr. Markus Ley
Dr. Mario Weichel

ADVANT Beiten advised Sappi Limited on the divestment of graphic paper mills in three European countries | Advant Beiten (advant-beiten.com)

Pictures (c) www.advant-beiten.com

More news

Trending news

Powell Gilbert has once again been ranked Band 1 in Chambers and Partners UK Guide. The firm has been recognized
Brandsmiths has achieved great success at this year’s Managing IP Awards. The Managing IP Awards are well-known in the legal
Waterfront has been recognized “for its capability in the litigation sphere” in the recently published international guide, The Legal 500,
Venner Shipley has been ranked as a leading firm in the Intellectual Property: Patent & Trade Mark Attorneys category of
It has been announced that 82 lawyers from Charles Russell Speechlys have been ranked in the Chambers UK Guide 2024,
I have been dealing with directories and submissions since 2004 and never have I seen a pure reference ranking beginning
IP Stars (Managing IP) has today published the new rankings for patent work. If you are happy with the results,