CMS, working with Denmark's Bech Bruun law firm, has advised ALPLA on its entrance into a joint venture in Denmark with BillerudKorsnas to develop the fully biobased and recyclable paper bottle company ecoXpac. BillerudKorsnas was advised by Accura and Cederquist.
The formation of the joint venture is subject to regulatory approvals such as merger control clearances, and it is expected that the transaction will be completed in the third quarter of 2019.
CMS's Vienna-based team was led by Partner Alexander Rakosi and included Partners Gabriela Staber, Dieter Zandler, and Maria Orlyk, Counsel Aiping Bao, Senior Associates Arcan Kemahli, and Evgenia Prudko, and Associates Marie-Christine Lidl, Marlene Wimmer-Nistelberger, Vanessa Horacek, Angela Chen, Taner Elmas, and Tetiana Mylenka.
The Bech Bruun team in Denmark was led by Partner Niels Kornerup and included Senior Associate Anders Hagstrom and Associate Emil Dencker Steenberg.
Accura and Cederquist did not reply to our inquiries on this matter.