Global law firm White & Case has advised Emirates Global Aluminium (EGA), a producer of premium aluminium, on the acquisition of the German aluminium recycling company Leichtmetall Aluminium Gießerei Hannover GmbH (Leichtmetall).
EGA is to acquire 100 percent of Leichtmetall from Leichtmetall Holding GmbH, a subsidiary of an investment fund managed by Quantum Capital Partners GmbH. The transaction is expected to close during the first half of 2024, subject to obtaining regulatory approvals.
Leichtmetall produces premium aluminium at its Hanover site, primarily from recycled material. It uses electric smelters to melt the secondary aluminium powered by 100 percent renewable energy sources. The CO2 footprint of its products is therefore exceptionally low.
The transaction is EGA’s first major acquisition in Europe. The acquisition provides EGA with a platform to develop a recycling business close to its customers in Europe, contributing to the emerging circular economy and building on its existing position as one of the biggest importers of primary aluminium on the continent.
The White & Case team which advised on the transaction was led by partners Rebecca Campbell (London) and Hans-Georg Schulze (Berlin) and included partners Florian Degenhardt, Hendrik Röger (both Hamburg), Bodo Bender (Frankfurt), Thilo Wienke (Düsseldorf) and Detlev Gabel (Frankfurt), local partner Mathias Bogusch and Alisa Preissler (both Frankfurt), counsel Andreas van den Eikel (Berlin) and associates Fabian Mayer, Constantin Meimberg, Martin Junker, Mathilda Xu (all Berlin), Robert Bente, Martin Riederer, Kristin Brüggert (all Hamburg), David Marder (Düsseldorf), Asad Khan and Xuefeng Wu (both London).
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Read the orginal article: https://www.whitecase.com/news/press-release/white-case-advises-emirates-global-aluminium-acquisition-german-aluminium
