The transaction is structured as a share deal whereby Aurelius will acquire 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 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.
Stibbe is advising Sappi together with Fondia and Advant Beiten.
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