Noerr advised Aluminium Rheinfelden Group on this transaction, while Sidley Austin advised RUSAL.
Aluminium producer UC Rusal has agreed to acquire the business and assets of Aluminium Rheinfelden GmbH out of insolvency.
The acquisition comes after the Germany-based aluminium products producer applied for protective shield proceedings in September 2020 to protect the company from going bankrupt.
By acquiring the Aluminium Rheinfelden Group, RUSAL gains an aluminium manufacturer with a heritage extending back to 1898. According to the RUSAL Group, it consists of a total of 43 companies in 13 countries worldwide. The RUSAL Group is listed on the Stock Exchange of Hong Kong.
Aluminium Rheinfelden is one of Germany’s main manufacturers of aluminium alloys, semis and carbon-based components, and is a major supplier to the global automotive industry.
RUSAL is a leading company in the global aluminium industry, producing metal with a low carbon footprint. 90% of the Company’s aluminium is produced from renewable electricity, and by implementing innovative and energy-saving technologies RUSAL is able to reduce greenhouse gas emissions at all production stages. This has enabled RUSAL to become one of the first in the world to master the production of ‘green’ metal under the ALLOW brand.
The Noerr team was led by Dr Thomas Hoffmann (Picture), Dr Andrea Braun and Christof Federwisch and further included Dr Christoph Rieken, Dr Kathrin Westermann, Dr Claus D. Zimmermann, Sabrina Lux, Linda Degen, Dr Niclas Gajeck and Katja Schmitt.
Involved fees earner: Andrea Braun – Noerr; Linda Degen – Noerr; Christof Federwisch – Noerr; Niclas Gajeck – Noerr; Thomas Hoffmann – Noerr; Sabrina Lux – Noerr; Christoph Rieken – Noerr; Katja Schmitt – Noerr; Kathrin Westermann – Noerr; Claus Zimmermann – Noerr; Björn Holland – Sidley Austin LLP; Patrick Schulz – Sidley Austin LLP;