Yantai Taihai Group acquires Duisburg Tubes Production
Paris/Hamburg/Frankfurt/Yantai (China) — The Yantai Taihai Group based in Yantai, China, has taken over the business operations of the insolvent Duisburg Tubes Production AG (DTP). The parties have agreed not to disclose the purchase price.
The Chinese group was comprehensively advised on the transaction by an international M&A team from Bryan Cave in Paris, Hamburg and Frankfurt, led by partner Fabrice Bouquier in France and partner Dr. Michael Leue and counsel Dr. Hubertus Schröder in Germany. In France, the transaction was also advised by DeHeng-Shi & Chen Associés.
DTP is particularly active in the development and manufacture of precision zirconium tubes for use in the nuclear industry. The company emerged from the French AREVA Group as part of a group carve-out in 2014. In April 2016, DTP had filed an application to open insolvency proceedings in self-administration with the Duisburg Local Court. Attorney Martin Lambrecht of the law firm Lambrecht, Düsseldorf, was appointed as administrator, and Jochen Glück of Pluta Management GmbH was appointed as restructuring director. Pluta also provided legal advice to DTP under the leadership of attorney Markus Fünning.
Following the issuance of the clearance certificate by the German Federal Ministry for Economic Affairs and Energy, the transaction has now been successfully closed.
About Yantai Taihai Group
Yantai Taihai Group is a privately owned Chinese international industrial group that is extensively engaged in metal processing and as a supplier to the energy industry. In Europe, the Yantai Taihai Group is mainly represented through its investment in the French Manoir Group.
Advisor Yantai Taihai Group: Bryan Cave
Fabrice Bouquier, Partner (Lead, Corporate, M&A), Paris
Bryan Cave Hamburg
Dr. Michael Leue, Partner (Lead Partner, Corporate, M&A)
Dr. Hubertus Schröder, Counsel (Lead Partner, Corporate, M&A)
Tonio Sadoni, Associate (Corporate, M&A)
Dr. Maximilian Karacz, Associate (Corporate, M&A)
Dr. Martin Lüderitz, Counsel (Labor Law)
Jens Peters, Associate (Labor Law)
Dominik Weiß, Counsel (IP)
Bryan Cave Frankfurt: Stefan Skulesch, Of Counsel (Tax)
Deheng-Shi & Chen Associés Paris
Renlin Shi, Partner (Corporate)
About Bryan Cave LLP
Bryan Cave LLP (www.bryancave.com) is one of the leading international law firms with approximately 900 attorneys in 25 offices throughout the United States, Europe and Asia. The firm advises a wide range of clients from corporations to financial institutions and organizations to individuals. These include international corporations, large and medium-sized family businesses, partnerships, non-profit organizations and start-ups.