Global law firm White & Case LLP has advised Ahlstrom Group on the sale of 100 percent of the Stenay paper mill to the German investment fund Accursia Capital.
The divestment agreement follows the announcement of Accursia Capital's binding offer in July, which was approved by the site's employee representatives. The transaction is expected to be completed by the end of September 2023.
Ahlstrom is a global leader in fiber-based specialty materials, covering filtration, food and consumer packaging, healthcare, building materials and technical materials.
The White & Case team in Paris which advised on the transaction was led by partner Jean Paszkudzki and included partners Alexandre Ippolito and Clara Hainsdorf and associates Emmanuel Chevignon and Thibault Faivre-Pierret.
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