Gleiss Lutz advises Metso Outotec on the sale of its aluminium business to REEL International
A team of Gleiss Lutz lawyers advised the Finnish Metso Outotec Group, which is listed on the Nasdaq Helsinki, as lead counsel on the sale of its aluminium business to the French Group REEL. The aluminium business includes green anode plants, anode rodshops and casthouses used in aluminium smelters as well as related equipment and services.
The parties have agreed not to disclose the purchase price. The transaction is expected to close in the first quarter of 2021.
Metso Outotec is a leading global specialist in sustainable technologies, end-to-end solutions and services for the aggregates, mineral processing, metal refining and recycling industries. The company’s aim is to use innovative technologies to help its customers improve their energy and water efficiency in order to both increase productivity and lower environmental risks. Metso Outotec has over 15,000 employees in more than 50 countries and generated pro forma turnover of around EUR 4.1 billion in 2019.
Metso Outotec was advised on the transaction by the following team of Gleiss Lutz lawyers: Dr. Andreas Löhdefink (partner, lead), Dr. Christoph Auchter, Kevin Löffler (all Frankfurt), Dr. Yixiao Li (Stuttgart, all M&A), Dr. Thomas Winzer (partner), Dr. Tobias Abend (counsel), Lea Kuhr (all Employment), Dr. Stefan Mayer (partner), Dr. Ocka Stumm, Dr. Leonhard Kornwachs (all Tax), Dr. Eike Bicker (partner), Marina Stoklasa (both Compliance), Dr. Alexander Fritzsche (partner), Dr. Birgit Colbus (counsel, both Competition/Antitrust, all Frankfurt), Dr. Ulrich Soltész (partner, Competition/Antitrust/State Aid, Brussels), Dr. Jacob von Andreae (partner), Aylin Hoffs (both Public Law, Düsseldorf), Dr. Alexander Molle (partner), Jan Hinrichs, Dr. Matthias Schilde (all IT), Dr. Christian Hamann (partner), Simon Wegmann (all Berlin), Dr. Manuel Klar (Munich, all Data Protection).