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Unipapel completes Spicers deal

Unipapel SA has completed the purchase of the Continental European business of Spicers Group initiated in the past year. The seller was FTSE 250 company DS Smith plc. The purchase price was approximately EUR222 million.

A team of German lawyers from CMS Hasche Sigle led by partner Dr Jochen Schlotter advised the Spanish company Unipapel SA on the German aspects of this international transaction, spanning several areas of law, from the beginning. A large European team from seven offices within the CMS organization, led by CMS Albiñana & Suárez de Lezo carried out this complex deal which included the parallel acquisition of Spicers’ British business by BECAP, the financial investor.

Spicers Group is one of the leading commercial groups for office supplies in Europe. Having a network of 21 distribution centres across seven countries, Spicers does business in Belgium, Germany, France, Great Britain, Italy, the Netherlands and Spain. The acquisition of Spicers’ Continental European business enables Unipapel Group to achieve a leading market position in Europe.

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