RGE Pte. Ltd.’s acquisition of Lwarcel Celulose Ltda.


Lefosse and Veirano advised on the deal

RGE has entered into an agreement with Lwart Group to acquire 100% of Lwarcel Celulose’s assets in São Paulo, Brazil, including its 250,000 ton pulp mill.

Headquartered in Singapore, RGE manages a group of resource-based manufacturing companies with global operations, including in Brazil. The acquisition of Lwarcel Celulose is in line with RGE’s strategy to increase its global pulp capacity for competitive advantage.

The plan is to operate Lwarcel Celulose as a new and independent business group within RGE while optimising synergies with RGE’s global pulp operations.

The acquisition is subject to approval by CADE, Brazil’s antitrust authority, and is expected to complete in the second half of 2018.

RGE Pte. Ltd. offers administrative services. It also manufactures cellulose and fibers. The company, led by Wei Lin Tey, operates as a subsidiary of RGE Group.

Lefosse advised RGE PTE Ltd. with Carlos Mello (Picture) and André Calumby.

Veirano advised Lwart Participações e Empreendimentos Ltda. with Sergio Bronstein, Gustavo Moraes Stolagli, Marcelo Shima Luize, Paula Bobrow and Edoardo Mattevi.

Involved fees earner: Carlos Barbosa Mello – Lefosse; André Calumby – Lefosse; Sergio Bronstein – Veirano Advogados; Gustavo Moraes Stolagli – Veirano Advogados; Marcelo Shima Luize – Veirano Advogados; Edoardo Mattevi – Veirano Advogados;

Law Firms: Lefosse; Veirano Advogados;

Clients: RGE Pte. Ltd. ; Lwart Participações e Empreendimentos Ltda.;

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Author: Ambrogio Visconti.