Dentons successfully represented Stadler Poland, leading manufacturer of rolling stock in two key public tender procedures with a combined value of more than EU600 million.

Dentons successfully represented Stadler Poland, leading manufacturer of rolling stock in two key public tender procedures with a combined value of more than EU600 million.

Global law firm Dentons advised Mediterrania Capital Partners on the acquisition, through its third fund (MC III) alongside DEG, Proparco and South Suez, of a stake in Travaux Généraux de Construction de Casablanca (TGCC) for an amount of €55 million. The investment is aimed at supporting the company’s expansion plans based on the growth trends in the construction sector in Morocco and Sub-Saharan Africa.

Global law firm Clyde & Co has advised Liberty House, the industrial arm of the GFG Alliance, on its binding offer for Rio Tinto’s aluminium smelter, the largest in Europe, in Dunkirk, France.

If successful, Liberty House's binding offer to acquire the French smelter from Rio Tinto would form GFG’s first significant step into continental Europe. The offer triggers a statutory consultation with employees and other stakeholders.

BLP has advised XLMedia, the AIM listed leading provider of digital performance marketing, on its successful placing of new Ordinary Shares, raising gross proceeds of £31.7m.  The placing, conducted by Berenberg, was oversubscribed and the proceeds are to be used by XLMedia to fund acquisition opportunities as they arise.

Ashurst LLP advised once again Segro European Logistics Partnership (SELP) on the sale of a portfolio of two logistic Class A assets to AEW.

The assets developing a total surface area of circa 38,000 sq.m. are located in Compans and Ris-Orangis (France).

The Ashurst team in Paris was composed of real estate partner Guillaume Aubatier, assisted by associates Dorian Scemama and Malvina Dahan.

The Supreme Court has refused to grant Comune di Prato permission to appeal the decision of the Court of Appeal in the case of Dexia Crediop S.p.A. -v- Comune di Prato ([2017] EWCA Civ 428).  The decision brings an end to the long-running litigation between Dexia and Prato and confirms the validity of the swaps between them, which had been challenged by Prato.  Dexia was represented by Allen & Overy with advice on Italian law issues from Bonelli Erede Pappalardo.

Paul Hastings LLP, a leading global law firm, represented Nemak, S.A.B. de C.V., a leading global supplier of aluminum components to automotive manufacturers, in an international bond offering. The offering involved the issuance of $500 million of 4.750% Senior Notes due 2025 pursuant to Rule 144A and Regulation S. The offering was the first high-yield debt issuance by a Mexican corporation in 2018. The underwriters involved were BNP Paribas, J.P. Morgan and Morgan Stanley.

Mayer Brown announced today that it advised Altice N.V. and Altice USA Inc. as US tax and structuring counsel in its spin-off of Altice USA Inc. and group reorganization of Altice Europe. The separation and reorganization will enable each business to focus more on the distinct opportunities for value creation in their respective markets and ensure greater transparency for investors.

The Mayer Brown team included Tax Transactions & Consulting partners Jason Bazar (New York), Laurent Borey (Paris) and Jim Barry (Chicago), and associate Lucas Giardelli (New York).

Davis Polk advised the dealers in connection with a Rule 144A and Regulation S offering by Banco del Estado de Chile of $500 million aggregate principal amount of 2.668% senior notes due 2021 under Banco Estado’s medium-term notes program.

Banco Estado is the fourth-largest financial institution in Chile in terms of aggregate loans, the largest in terms of number of customers and geographic coverage (in terms of number of Chilean cities with a branch) and the market leader in Chile in residential mortgages (in terms of the number of loans made).