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On 4 May 2018 it was announced that Oceanwood had entered into a sale and purchase agreement to buy the entire issued share capital of Norske Skog AS (Norske Skog) at a net transaction value of approximately EUR 235 million.
The transaction was structured as a competitive auction process over a period of four months.
Arntzen de Besche is proud to have acted as Norwegian law legal advisor to the seller in the transaction, Citibank N.A. London Branch (in its capacity as security agent to the secured creditors). The core team from Arntzen de Besche has been Fred Gade, Trond Kildal and Marianne Sahl Sveen.
More information about the transaction is available here.