White & Case advises Ecobat on sale of Stolberg multi-metals processing plant in Germany
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Global law firm White & Case LLP has advised worldwide battery recycling leader Ecobat on the sale of Ecobat Resources Stolberg GmbH (ERS), which owns the Stolberg multi-metals processing plant in Germany, to leading commodities supplier Trafigura.
The Stolberg plant will be operated and managed by Nyrstar, an international multi-metals mining and smelting company which is wholly owned by the Trafigura Group.
The transaction has been completed following the satisfaction of customary conditions precedent including the receipt of regulatory approvals. It was structured as a bidding process and was influenced by the flood events in Germany during 2021 and ERS' status as a primary smelter and not core to Ecobat's recycling business. White & Case advised on its mergers and acquisitions aspects, as well as on various other key aspects including insurance, environmental, debt restructuring and commercial contract.
White & Case previously advised Ecobat on its 2021 acquisition of the German Promesa group, a lithium battery recycling plant and business.
ERS was founded in 1848 and is one of the world's largest and most modern primary multi-metal smelters.
The White & Case team which advised on the transaction was co-led by partners Jarlath McGurran (London) and Hans-Georg Schulze (Berlin), and included partners Bodo Bender, Sebastian Schrag, Sebastian Stütze (all Frankfurt), Murad Daghles (Düsseldorf), Tilman Kuhn (Düsseldorf & Brussels), Philipp Hackländer, Sara Vanetta, Norbert Wimmer (all Berlin), Sven-Holger Undritz (Hamburg), Brenda Dieck (Los Angeles & New York), Seth Kerschner (New York) and Tommaso Tosi (Milan), local partners Alex Cullinan (Johannesburg) and Thyl Haßler, Thilo-Maximilian Wienke (both Düsseldorf), counsel Kathrin Ahting, Anna Burghardt-Kaufmann, Andreas van den Eikel (all Berlin), Christoph Arhold (Berlin & Brussels), and associates Fabian Mayer, Constantin Meimberg, Martin Junker, Mathilda Xu (all Berlin), Mathias Bogusch, Lea Kaase, Sonja Sehr (all Frankfurt), Cristina Caroppo, Verena Rudolph and Philipp Kynast (all Düsseldorf).
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