We are very pleased to inform that Fondia is advising its long-term client Sappi Limited (“Sappi”) in the Finnish law aspects of the contemplated sale and carve-out transaction involving Sappi’s graphic paper mills in Maastricht (the Netherlands), Stockstadt (Germany) 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 Maastricht Real Estate B.V. (including its subsidiary Sappi Maastricht B.V.), Sappi Stockstadt GmbH, 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.
Fondia’s team is led by Niina Gräfin Pilati and Kim Ekqvist. The core team also includes Satu Relander, Johanna Ellonen, Anni Lammila, Tommi Siivonen, Jukka Ohtonen, Satu Pohja and Sari Koskela.
Stibbe is advising on the Dutch law aspects of the transaction and ADVANT Beiten is advising on the German law aspects of the transaction.
For more information, please view: https://www.sappi.com/sappi-accepts-offer-to-sell-three-european-graphic-paper-mills
We are very pleased to inform that Fondia is advising its long-term client Sappi Limited (“Sappi”) in the Finnish law aspects of the contemplated sale and carve-out transaction involving Sappi’s graphic paper mills in Maastricht (the Netherlands), Stockstadt (Germany) 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 Maastricht Real Estate B.V. (including its subsidiary Sappi Maastricht B.V.), Sappi Stockstadt GmbH, 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.
Fondia’s team is led by Niina Gräfin Pilati and Kim Ekqvist. The core team also includes Satu Relander, Johanna Ellonen, Anni Lammila, Tommi Siivonen, Jukka Ohtonen, Satu Pohja and Sari Koskela.
Stibbe is advising on the Dutch law aspects of the transaction and ADVANT Beiten is advising on the German law aspects of the transaction.
For more information, please view: https://www.sappi.com/sappi-accepts-offer-to-sell-three-european-graphic-paper-mills
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