Competition lawyers from CMS Hasche Sigle advise MEDA on acquisition of European pharmaceuticals division of 3M

The Swedish pharmaceutical group MEDA AB has taken over the European pharmaceuticals division of US multi-technology corporation 3M for around USD 857 million. A team from CMS Hasche Sigle, led by Hamburg partner Dr Tim Reher, coordinated the European competition clearance applications for the transaction on behalf of MEDA.

The CMS Hasche Sigle competition team also advised MEDA last year when it acquired pharmaceutical manufacturer Viatris. MEDA is one of the leading European companies for special pharmaceutical products and has specialised in marketing and market-oriented product development. The company employs more than 900 employees in more than 24 countries.

Advisers to MEDA AB

Competition / merger control

CMS Hasche Sigle (European coordination and clearance application in Germany)
Dr Tim Reher, Hamburg (lead partner)
Dr Daniel Kappes, Hamburg
Jürgen Siemers, Hamburg (handling of human resources aspects of the transaction throughout Europe)

CMS Adonnino Ascoli & Cavasola Scamoni (clearance Italy)
Antonella Mameli, partner
Paolo Scarduelli, partner
Lorenzo Bocedi

CMS Albiñana & Suárez de Lezo (clearance Spain)
Patricia Liñán
Alfonso Ois
Adrian Sanchez

Contact CMS Hasche Sigle:

Dr Tim Reher
Tel.: +49 (0) 40 / 37 630 - 363
E-mail: Tim.Reher@cms-hs.com

About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 450 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow, Prague and Shanghai. CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 47 business centres in Europe and further afield on legal and tax issues.

Local strength, legal and tax advice tailored to the requirements of the market combined with a substantial amount of business and organisational integration form the basis for high-quality international legal advice.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 23 countries in Western and Central Europe, North and South America, Asia and North Africa.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see http:// www.cmslegal.com .