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Duratex/Lenzing $1 billion joint venture

25/6/2018
Joint venture
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$ 1 billion

Announced

25/6/2018

Overview:

  • Lenzing and Duratex have formed a joint venture to build world's biggest dissolving wood pulp plant in Brazil.
  • Lenzing will hold 51% in the expected to be $1 billion joint venture.
  • The investment will be divided according to the shares in the joint venture.
  • 60% of the project is planed to be financed by debt while the other 40% by equity.

Daniel Semerdzhiev - Data analyst

Jurisdiction:

Brazil

Deal type:

Joint venture

Practice area:

Corporate and M&A

Governing law:

Brazil

Industry sector:

Construction and materials

Firms:
Binder Grösswang

Party: Lenzing (Joint venture partner)

Lawyers: Florian Khol, Michael Kutschera

Cescon Barrieu

Party: Lenzing (Joint venture partner)

Hengeler Mueller

Party: Lenzing (Joint venture partner)

Lawyers: Annika Clauss, Arvid Morawe, Frank Burmeister

Linklaters

Party: Duratex (Joint venture partner)

Veirano Advogados

Party: Lenzing (Joint venture partner)

Lawyers: Alex Backsmann, Augusto Cesar Barbosa de Souza

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