{"id":7337,"date":"2021-12-23T16:22:39","date_gmt":"2021-12-23T15:22:39","guid":{"rendered":"https:\/\/www.hoche-avocats.com\/?p=7337"},"modified":"2022-06-17T16:43:49","modified_gmt":"2022-06-17T14:43:49","slug":"hoche-avocats-advises-the-derichebourg-group-on-the-acquisition-of-groupe-ecore","status":"publish","type":"post","link":"https:\/\/www.hoche-avocats.com\/en\/hoche-avocats-advises-the-derichebourg-group-on-the-acquisition-of-groupe-ecore\/","title":{"rendered":"Hoche Avocats advises the Derichebourg Group on the acquisition of Groupe Ecore"},"content":{"rendered":"

On December 17, the Derichebourg group finalized the acquisition of the entire capital of Groupe Ecore Holding (Luxembourg).\u00a0 This acquisition, announced on December 30, 2020 and formalized by an agreement on March 1, 2021, has received the approval of the various competent European and international competition authorities.<\/p>\n

Following this acquisition, the Derichebourg Group is now reaching a critical size that makes it a circular economy leader in the transformation of scrap metal into raw materials from recycling, with a dedicated workforce of more than 4,300 employees, and a geographical presence in 11 countries for this activity.<\/p>\n

In response to the concerns expressed by the European Commission regarding competition and in order to obtain a Phase 1 decision, the Derichebourg Group proposed a series of commitments including the disposal of four recovery sites equipped with a shredder as well as four collection sites and also made a number of commitments aimed at ensuring the viability of the sites to be disposed of, including the option for the purchasers of sites equipped with a shredder to acquire one or two satellite collection sites. A total of five satellite sites are covered by this option.<\/p>\n

Derichebourg will consolidate Ecore in its accounts from today. For fiscal year 2021 (12 months), cumulative revenue after implementation of the commitments would be around \u20ac4.81 billion [1] and cumulative EBITDA (excluding synergies) would be around \u20ac480 million1. Net debt at September 30, 2021, taking into account this acquisition, would have been \u20ac616 million1 , representing a calculated leverage ratio of 1.31.<\/p>\n

With the largest external growth operation in its history in environmental services, the Derichebourg Group is aligned with the ecological transition and the Green Pact advocated by the European Union, which sets clear and ambitious objectives to meet the challenges of climate change and the environment, and will contribute in particular to the European production of green steel that is more efficient in terms of CO2 emissions.<\/p>\n

[1] This figure has not been audited<\/em><\/p>\n

 <\/p>\n

Counsel to the Derichebourg Group:<\/strong><\/p>\n

Hoche Avocats –<\/em><\/strong> Corporate: J\u00e9r\u00f4me Roustit, Jean-Luc Blein, (Partners) and Carole Ducler (Lawyer) – Tax: Eric Quentin (Partner)<\/p>\n

Renaudier & Associ\u00e9s<\/em> (Richard Renaudier and Karine Turbeaux, partners) and De Pardieu Brocas Maffei (Philippe Guibert, partner) for the competition part<\/p>\n

Counsel to Groupe Ecore Holding (Luxembourg): Corporate: Frieh Associ\u00e9s – Michel Frieh and Karine Lenczner (partners) and Fayrouze Masmi-Dazi (partner) for the competition part<\/p>\n

 <\/p>\n

PR 2021-12-22<\/a><\/em><\/p>\n

Cfnews \u2013 17 december 2021<\/a><\/em><\/p>\n

Les Echos Investir – 17 decembre 2021<\/a><\/em><\/p>\n

\u00a0BFM Bourse \u2013 17 december 2021<\/a><\/em><\/p>\n

BFM Bourse \u2013 17 december 2021<\/a><\/em><\/p>\n

Cercle finance \u2013 17 december 2021<\/a><\/em><\/p>\n

Globalnewswire – 17 december 2021<\/em><\/a><\/p>\n

Fusacq – 17 december 2021<\/a><\/em><\/p>\n

La Tribune – 17 december 2021<\/a><\/em><\/p>\n

Le Monde du droit \u2013 27 d\u00e9cember 2021\u00a0<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

On December 17, the Derichebourg group finalized the acquisition of the entire capital of Groupe Ecore Holding (Luxembourg).\u00a0 This acquisition, announced on December 30, 2020 and formalized by an agreement on March 1, 2021, has received the approval of the various competent European and international competition authorities. Following this acquisition, the Derichebourg Group is now […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28],"tags":[],"class_list":["post-7337","post","type-post","status-publish","format-standard","hentry","category-track-record"],"acf":[],"yoast_head":"\nHoche Avocats advises the Derichebourg Group on the acquisition of Groupe Ecore - Hoche Avocats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hoche-avocats.com\/en\/hoche-avocats-advises-the-derichebourg-group-on-the-acquisition-of-groupe-ecore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hoche Avocats advises the Derichebourg Group on the acquisition of Groupe Ecore - Hoche Avocats\" \/>\n<meta property=\"og:description\" content=\"On December 17, the Derichebourg group finalized the acquisition of the entire capital of Groupe Ecore Holding (Luxembourg).\u00a0 This acquisition, announced on December 30, 2020 and formalized by an agreement on March 1, 2021, has received the approval of the various competent European and international competition authorities. 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