Baker McKenzie advised the members of the De Cuyper family and their affiliates on the sale of their 57.51% stake in Resilux NV (Euronext Brussels: RES), a specialist in the manufacture and sale of PET preforms and bottles, to Quva NV. The completion of the transaction is subject to merger control approval, after which a mandatory tender offer for the remaining shares of Resilux will be launched.
Resilux specialises in the manufacture and sale of PET preforms and bottles. These preforms and bottles are used for the packaging of water, soft drinks, oils, milk, beer, juices etc. Through its subsidiary Poly Recycling AG, Resilux extended its core business with PET recycling activities. Resilux was established in 1994 as a family business and is listed on Euronext Brussels since 1997. Resilux has production units in Belgium, Spain, Switzerland, Greece, Russia, Hungary, Serbia, Romania and the USA.
The Baker McKenzie team advised the controlling shareholders on the legal aspects of the transaction and the contemplated re-investment by certain members of the De Cuyper family.
The Brussels-based Corporate Finance team of Baker McKenzie consisted of Koen Vanhaerents (Principal), Arne Naert (Senior Associate), Pieter-Jan Denys (Senior Associate) and Quinten Saey (Associate). The team of Argo Law BV, consisting among others of Nico Goossens, Louis Hoet and Henri Nelen, advised Quva on the legal aspects of the transaction.