Shearman And Sterling

News Oct 06, 2017

Shearman & Sterling Advises First Eagle Funds on the Proposed Sale of the Emin Leydier Group to SAICA group

Shearman & Sterling advised First Eagle Funds on the proposed sale of the Emin Leydier group, a French producer of corrugated paper and packaging, which operates eight industrial sites in France.

Certain of the First Eagle funds, which since 2009 have held approximately 53 percent of the capital of the Emin Leydier group, have entered into exclusive negotiations with the Spanish group SAICA regarding the sale of the Emin Leydier group.

The proposed transaction is subject to consultation with Emin Leydier group’s employee representative bodies and approval from the EU competition authority.

The Shearman & Sterling team was led by partner Nicolas Bombrun and included associate Martin Chassany (both Paris-Corporate);  partner Pierre-Nicolas Ferrand (Paris-Finance); counsel Anne-Sophie Maes (Paris-Tax); partner James Webber; and associate Özlem Fidanboylu (both London-Antitrust). Flichy Grangé Avocats advised on aspects of French labor law.