Italian paper company expands Brazilian operations
Friday, 29 May 2015 (9 hours ago) by Toby Luckhurst
Chiomenti Studio Legale in Milan and Machado, Meyer, Sendacz e Opice Advogados in São
Paulo have helped Italian paper group Fedrigoni purchase Arjo Wiggins, the Brazilian subsidiary of
French paper producer Arjowiggins.
Lobo & de Rizzo Advogados in São Paulo advised Arjowiggins, a division of French paper group
Sequana. The purchase closed for 85 million euros (US$92 million) on 19 May.
Fedrigoni acquired the company through its Brazilian subsidiary Arconvert Brasil. The sale reflects
Sequana’s intention to focus their business on distribution instead of paper production. Distribution
now accounts for two-thirds of the company’s sales.
Fedrigoni was founded in 1888 and has annual turnover of US$950 million. It created Arconvert
Brasil as a local production and distribution arm in 2009.
Counsel to Arjowiggins
In-house counsel to Sequana Group – Rhonda Friesen
Lobo & de Rizzo Advogados
Partners Rodrigo Delboni Teixeira and Otávio Lucas Solano Valério and associate George de
Magalhães Carvalho in São Paulo
Counsel to Fedrigoni
Chiomenti Studio Legale
Partner Marco Nicolini and associate Luigi Arnaldo Cremona in Milan
Machado, Meyer, Sendacz e Opice Advogados
Partner Carlos José Rolim de Mello and associates Patricia Scharlau and Felipe Saraiva Carnerio
in São Paulo
Fonte: http://latinlawyer.com/news/article/48242/italian-paper-company-expands-brazilianoperations/
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