Bryan Cave and DeHeng-Shi & Chen advised on the deal
Yantai Taihai Group, headquartered in Yantai, China, finalized the acquisition of insolvent Duisburg Tubes Production AG (DTP).
The purchase price will remain confidential.
DTP is known for the development and production of precise tubes made of zirconium for use in the nuclear industry. The company emerged from the French AREVA group in the course of a carve-out in 2014. In April 2016, DTP filed for insolvency in debtor in possession proceedings with the competent local court Duisburg.
The closing of the transaction took place after clearance by the German Ministry of Economy under the new tightened German foreign investment control regime.
The Yantai Taihai Group is a privately held international Chinese industry group active in all fields of metal processing and a supplier for the energy sector. In Europe, the Yantai Taihai Group is mainly active via its participation in the French Manoir Group.
Bryan Cave advised Yantai Taihai Manoir Group with a team including Fabrice Bouquier (Picture, Corporate, M&A), Michael Leue, Partner (Lead, Corporate, M&A), Hubertus Schröder (Corporate, M&A), Tonio Sadoni (Corporate, M&A), Maximilian Karacz (Corporate, M&A), Martin Lüderitz (Employment), Jens Peters (Employment), Dominik Weiß (IP), Stefan Skulesch (Tax),
DeHeng-Shi & Chen Associés advised Yantai Taihai Manoir with Renlin Shi (Corporate).
Involved fees earner: Renlin Shi – Deheng Law Office; Fabrice Bouquier – Bryan Cave; Michael Leue – Bryan Cave; Hubertus Schröder – Bryan Cave; Tonio Sadoni – Bryan Cave; Maximilian Karacz – Bryan Cave; Martin Lüderitz – Bryan Cave; Jens Peters – Bryan Cave; Dominik Weiß – Bryan Cave; Stefan Skulesch – Bryan Cave;