Baker McKenzie has advised Veolia Group on the sale of its paper mill in Grand-Couronne (76), formerly Chapelle-Darblay. Fibre Excellence, French leader in market pulp supply, is taking over the operational management of the paper mill, with a plan to invest EUR 280 million to enable the Normandy industrial site to take a new step in its transformation. 

The operation is part of a strategic repositioning of the newsprint mill into a paperboard production site. Fibre Excellence has taken over the project leadership to consolidate the modernization of the paper mill. The Chapelle-Darblay facility will be made available under a lease lasting until the end of 2024, enabling Fibre Excellence to develop a financing plan and finalize the necessary administrative procedures. Veolia is committed to ensuring the supply of recycled paper and cardboard for the first 10 years, in a local and circular approach.

The Baker McKenzie team in Paris was led by Hervé Jégou (partner), with Raphaëlle Cayla (senior associate) in connection with real estate matters; Guillaume Nataf (partner) and Paul Nury (senior associate) on Corporate/M&A matters; Arnaud Cabanes (partner) and Fabien Hecquet (senior associate) regarding environmental matters; and Thierry Vialaneix (senior counsel), Virginie Louvigné (partner) and Romain Marroux (senior associate) on tax matters.
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