Noerr has advised the Aluminium Rheinfelden Group on the sale of its assets to Russian aluminum manufacturer RUSAL, in the form of an asset-reorganization deal.
Aluminium Rheinfelden is a German aluminum manufacturer that was founded in 1898.
RUSAL is a Moscow-headquartered manufacturer of aluminum and its alloys. The company employs around 64,000 people and operates its assets in 13 countries across five continents. RUSAL reported USD 9.7 billion in revenue in 2019.
According to Noerr, “on September 22, 2020, the Aluminium Rheinfelden Group applied for the initiation of insolvency proceedings as self-administration proceedings…[and] the takeover is still subject to the approval of both the German Federal Ministry for Economic Affairs and Energy and the Federal Cartel Office.”
Noerr’s team included Frankfurt-based Partners Thomas Hoffmann and Christof Federwisch, Associated Partner Andrea Braun, and Associate Sabrina Lux; Munich-based Partner Christoph Rieken and Associates Niclas Gajeck and Katja Schmitt; Berlin-based Partner Kathrin Westermann; Brussels-based Associated Partner Claus Zimmermann; and Dusseldorf-based Associate Linda Degen.
The firm did not reply to an inquiry about the deal.