Technical cookies are required for the site to function properly, to be legally compliant and secure. Session cookies only last for the duration of your visit and are deleted from your device when you close your internet browser. Persistent cookies, however, remain and continue functioning on repeat visits.
Personalisation cookies collect information about your website browsing habits and offer you a personalised user experience based on past visits, your location or browser settings. They also allow you to log in to personalised areas and to access third party tools that may be embedded in our website. Some functionality will not work if you don’t accept these cookies.
CMS has advised Papyrus on the acquisition of the Czech paper merchant OSPAP a.s. from the bankruptcy trustee of PaperlinX Netherlands Holdings B.V. CMS describes the acquisition as "part of Papyrus’ strategy to grow the business in paper, visual communication and packaging distribution in selected European markets.” The transaction was signed on September 16, and merger clearance from the Czech Office for the Protection of Competition was obtained on November 11.
Papyrus, with net sales of EUR 1.567 billion in 2014, is an important European merchant in paper, facility supplies, and industrial packaging. The company is currently present in 20 countries across Europe and employs some 1,900 people. The Papyrus head office is located in Gothenburg, Sweden.
CMS advised Papyrus on all legal aspects of the transaction including the due diligence, transaction documentation, bankruptcy law and merger clearance. The CMS team was led by Senior Associate Barbora Dubanska, supported by Junior Associates Andrea Cervenkova and Pavel Drimal. They worked closely with CMS Amsterdam Partners Marc van Zanten and Martika Jonk.