Short Reads

Stibbe advises managing director on the acquisition of Aldel

Stibbe advises managing director on the acquisition of Aldel

Stibbe advises managing director on the acquisition of Aldel

09.12.2021 NL law

Stibbe advises the current managing director Chris McNamee on the acquisition of Aldel from investment firm York Capital Management.

Aldel is an aluminium plant based in Delfzijl that concentrates on the production and trading of aluminium and aluminium products.

The acquisition by Chris McNamee is backed by Swiss trading company Glencore International which is also one of Aldels’ biggest off takers. Preceding the acquisition the Aldel debt was restructured. With the acquisition gives Aldel breathing space in the short term and saves jobs.

Click here for the article in the Dutch Financial Times (FD) and here for the NOS article.

Stibbe team: Egbert Vroom, Céline Groen, Bram Berends, Ea Visser, Juno Terpstra, Lisa van der Maden, Sandra Putting, IJsbrand van Straten, Eloise Spoelman, Rein van Helden, Barbra Bulsing, Vincent Lampers, Daisy Nijkamp

Team

Related news

20.12.2021 LU law
Extension of exceptional measures for the holding of Luxembourg companies meetings

Articles - In the context of the uncertain evolution of the COVID-19 pandemic, continuing applicable travel restrictions and the encouragement of the Luxembourg Government to observe social distancing, including in a business environment, the Luxembourg Chamber of Deputies has adopted the law dated 17 December 2021. This law extends the possibility to hold meetings without physical attendance until 31 December 2022 and thereby amends the law of 23 September 2020 concerning the holding of meetings in companies and other legal entities, as amended.

Read more

15.12.2021 NL law
Toepasselijkheid ESEF in verslaggeving vanaf boekjaar 2021

Short Reads - Aanleiding Het was aanvankelijk de bedoeling dat uitgevende instellingen hun jaarlijkse financiële verslaggeving over boekjaar 2020 in een uniform elektronisch verslaggevingsformaat (ESEF) zouden moeten publiceren. De Nederlandse wetgever heeft echter gebruikgemaakt van een door de Europese Commissie geboden uitstelmogelijkheid. Van uitgevende instellingen wordt verwacht dat zij verslaggeving vanaf boekjaar 2021 in ESEF publiceren. Deze alert geeft praktische tips op basis van de eerste praktijkervaringen met ESEF.

Read more

20.12.2021 NL law
Verplichte rapportering door accountants over fraude en continuïteit in de controleverklaring

Short Reads - Aanleiding De onderwerpen “fraude” en “continuïteit” en de werkzaamheden die accountants verrichten rondom deze onderwerpen zijn zeer actueel. Op 13 september 2021 publiceerde de Nederlandse Beroepsorganisatie van Accountants (“NBA”) een consultatiedocument waarin werd voorgesteld dat accountants verplicht worden om altijd in aparte secties over fraude en continuïteit te rapporteren in de controleverklaring.

Read more

13.12.2021 NL law
Stibbe advises Brigade-M3 European Acquisition Corp. on its IPO on Euronext Amsterdam.

Short Reads - Brigade-M3 European Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) that was incorporated for purposes of effecting a business combination with a company with significant operations in Europe which has positively benefited from a structural shift caused by the COVID-19 pandemic or has been negatively impacted by a temporary dislocation caused by the COVID-19 pandemic. The SPAC will have 18 months from 14 December 2021 to complete a Business Combination.

Read more