Charles Russell Speechlys advises Europlasma in takeover bid of MG-Valdunes

Charles Russell Speechlys today announces that it has successfully advised Europlasama, a leader in hazardous waste management, material recovery, and decarbonisation solutions, in its takeover bid of MG-Valdunes. On 20 March 2024, the Lille Métropole Commercial Court officially endorsed Europlasma’s bid for MG-Valdunes, France’s last remaining manufacturer of wheels and axles for the rail sector. The comprehensive offer entails:

• Acquisition of business assets at MG-Valdunes two strategic locations in Leffrinckoucke (Dunkirk) and Trith-Saint-Léger (Valenciennes), along with associated assets.
• Preservation of nearly 60% of the workforce, ensuring continuity for 184 out of 309 positions.
• Sustained operations of historical activities at both sites.
• An ambitious investment plan exceeding 35 M€.
• A strategic development roadmap focused on reclaiming the domestic market, restructuring activities related to forged mechanical components (CMF), and enhancing competitiveness and profitability through the integration of new waste treatment, decarbonation, and renewable energy production initiatives.

Dimitri Sonier, Partner, and Martin Brouard, Associate, in our Paris Restructuring team, advised Europlasma.

Jérôme Garnache at Europlasma comments: “Thank you to Dimitri Sonier and the team for their support in this important transaction. This marks a significant step forward for Europlasma and MG-Valdunes, promising synergistic growth opportunities and sustainable future in the rail industry.”

Dimitri Sonier comments: “We are honoured to have been able to assist Europlasma in this significant transaction and look forward to continuing our collaboration, supporting Europlasma’s growth, and achieving further milestones together.”