RTPR Allen & Overy has advised Prime Kapital on the sale of a real estate portfolio to MAS Real Estate for a price of EUR 112.97 million. The portfolio consists of nine retail centres with a total surface of 67,959 square meters which are located throughout the country: Roman, Baia Mare, Slobozia, Focsani, Ramnicu Sarat, Targu Secuiesc, Fagaras, Gheorgheni, Sebes.
Baker McKenzie advised specialty chemicals group Evonik on the sale of its methacrylates business to financial investor Advent International. The Methacrylate business employs 3,900 people worldwide and comprises 18 production sites. Over the period 2016-2018, the business generated an average annual EBITDA of around 350 million euros with sales of around 1.8 billion euros per year. The transaction is subject to regulatory approval in several countries.
DLA Piper has advised Baltimore-based and Nasdaq listed Laureate Education (NASDAQ:LAUR), the world’s largest global network of higher education institutions, on the sale of Laureate’s interest in Stamford International University (Stamford) to China YuHua Education Investment Limited (YuHua) (6169:HK). The net transaction value to Laureate is USD27.87 million.
Paris, 05 march 2019 - Acting with German law firm Noerr LLP, Jeantet is advising the German KATHREIN SE on the sale of its mobile networks antenna business (around 4,000 employees worldwide) to the listed Swedish group Ericsson. The asset deal covering several jurisdictions is expected to be completed in the third quarter of 2019.
Gilbert + Tobin has advised GrainCorp Limited (GrainCorp) on the sale of its Australian Bulk Liquid Terminals business to ANZ Terminals Pty Ltd (ANZ Terminals) for an enterprise value of approximately $350 million. The deal was announced to the market yesterday. As part of the sale arrangements, Gilbert + Tobin also advised GrainCorp on a long-term storage agreement, which will take effect on the sale’s completion.
Watson Farley & Williams (“WFW”) has advised independent investment firm Rive Private Investment (“Rive”) on its joint disposal, with Banque des Territoires (a subsidiary of Caisse des Dépôts), of shares in two photovoltaic parks, with a total installed capacity of 20.7 MW in the French department of Var, to domestic renewable energy operator Tenergie.
Baker McKenzie acts as the exclusive legal counsel to Yildiz Holding and GODIVA Chocolatier ("GODIVA") on the sale of its retail and distribution operations in four markets: Japan, South Korea, Australia and New Zealand. The transaction also includes the sale of the GODIVA production facility in Brussels.
The transaction is anticipated to close in mid-2019, subject to the customary closing conditions of completion of standard Belgium employee works council consultations and expiry of the relevant competition authority waiting period.
Clifford Chance has advised Munich-based BayWa r.e. on the sale of its biomethane portfolio to bmp greengas GmbH, a subsidiary of Erdgas Südwest GmbH. The parties have agreed not to disclose any details of the purchase price.
Five people working for BayWa r.e. in Munich also had their employment transferred as part of the transaction.
Watson Farley & Williams (“WFW”) advised Aquila Aerospace LLC (“Aquila”), on the supply of one next-generation Challenger 650 aircraft to the UAE Air Force. The aircraft is part of a multi-mission configuration to update and expand the UAE’s maritime and airborne surveillance and search and rescue capabilities.