Noerr has advised a banking consortium on the financing of the German subsidiary of the French Recylex Group.
The banks are providing the German subsidiary of the listed French recycling group with EUR67 million.
The financing package includes a EUR40 million investment in a new reduction furnace in the lead segment. The new reduction furnace is to recover internally the lead and silver contained in certain by-products from the smelter. Recylex expects to create around 30 new jobs at the Weser-Metall subsidiary and to increase the Recylex Group’s annual lead production by approximately 30,000 tonnes. The other funds provided by the banks are used mainly to finance working capital.
The banks were advised by a Noerr team led by the Frankfurt partners Andreas Naujoks and Nikolai Warneke.
