On December 20, Papyrus AB (Papyrus) has announced that it has completed the sale of 100% of the share capital of Papyrus France Holding SAS, comprising its wholly-owned subsidiary Groupe Papyrus France SAS, involved in the business of wholesale and distribution of paper to professionals in France, to Inapa - Investimentos, Participações e Gestão SA (Inapa), a Portuguese company listed on the Lisbon stock exchange.

Concurrently, Papyrus has purchased 100% of the share capital of Inapa Schweiz AG, which is involved in the business of wholesale and distribution of paper to professionals in Switzerland, from Inapa and its German subsidiary Papier Union GmbH.

Papyrus had announced in September this year that it was exploring different options for its French business. Following approval from the French competition authority, both transactions have been completed.

Homburger advised Papyrus in the purchase of Inapa Schweiz AG and the Swiss law related aspects of the transaction. The Homburger team included partners Ueli Huber (Corporate | M&A) and Marcel Dietrich (Competition | Regulatory), associate Camille Auberson and junior associate Nicolas Curchod (both Corporate | M&A).