On April 25, 2016, Ball Corporation (“Ball”) announced that Ball and Rexam PLC have entered into an agreement with Ardagh Group to sell select metal beverage can assets, support locations and functions in Europe, Brazil and the United States for approximately USD 3.42 bn in order to satisfy certain regulatory requirements in connection with the proposed acquisition of Rexam by Ball. Completion of the sale is subject to a number of conditions, including receipt of certain regulatory approvals and completion of the acquisition of Rexam PLC.

Ball supplies innovative, sustainable packaging solutions for beverage, foods and household products, as well as aerospace and other technologies and services primarily for the U.S. government. Ball and its subsidiaries employ 15,200 people worldwide and reported 2015 sales of USD 8.0 bn.

Homburger advised Ball in the carve-out and sale as to Swiss law. The Homburger team was led by partner Dieter Gericke (Corporate | M&A) and included partners Stefan Oesterhelt (Tax) and Jürg Frick (Financial Services) as well as associates Nina Hagmann (Corporate I M&A) and Ralf Imstepf (Tax).