Yantai Taihai Group acquires Duisburg Tubes Production

Paris/Hamburg/Frankfurt/Yantai (China) — The Yantai Taihai Group based in Yantai, China, has taken over the busi­ness opera­ti­ons of the insol­vent Duis­burg Tubes Produc­tion AG (DTP). The parties have agreed not to disc­lose the purchase price.

The Chinese group was compre­hen­si­vely advi­sed on the tran­sac­tion by an inter­na­tio­nal M&A team from Bryan Cave in Paris, Hamburg and Frank­furt, led by part­ner Fabrice Bouquier in France and part­ner Dr. Michael Leue and coun­sel Dr. Huber­tus Schrö­der in Germany. In France, the tran­sac­tion was also advi­sed by DeHeng-Shi & Chen Associés.

DTP is parti­cu­larly active in the deve­lo­p­ment and manu­fac­ture of precis­ion zirco­nium tubes for use in the nuclear indus­try. The company emer­ged from the French AREVA Group as part of a group carve-out in 2014. In April 2016, DTP had filed an appli­ca­tion to open insol­vency procee­dings in self-admi­­nis­­tra­­tion with the Duis­burg Local Court. Attor­ney Martin Lambrecht of the law firm Lambrecht, Düssel­dorf, was appoin­ted as admi­nis­tra­tor, and Jochen Glück of Pluta Manage­ment GmbH was appoin­ted as restruc­tu­ring direc­tor. Pluta also provi­ded legal advice to DTP under the leader­ship of attor­ney Markus Fünning.

Follo­wing the issu­ance of the clearance certi­fi­cate by the German Fede­ral Minis­try for Econo­mic Affairs and Energy, the tran­sac­tion has now been successfully closed.

About Yantai Taihai Group 
Yantai Taihai Group is a priva­tely owned Chinese inter­na­tio­nal indus­trial group that is exten­si­vely enga­ged in metal proces­sing and as a supplier to the energy indus­try. In Europe, the Yantai Taihai Group is mainly repre­sen­ted through its invest­ment in the French Manoir Group.

Advi­sor Yantai Taihai Group: Bryan Cave
Fabrice Bouquier, Part­ner (Lead, Corpo­rate, M&A), Paris

Bryan Cave Hamburg
Dr. Michael Leue, Part­ner (Lead Part­ner, Corpo­rate, M&A)
Dr. Huber­tus Schrö­der, Coun­sel (Lead Part­ner, Corpo­rate, M&A)
Tonio Sadoni, Asso­ciate (Corpo­rate, M&A)
Dr. Maxi­mi­lian Karacz, Asso­ciate (Corpo­rate, M&A)
Dr. Martin Lüde­ritz, Coun­sel (Labor Law)
Jens Peters, Asso­ciate (Labor Law)
Domi­nik Weiß, Coun­sel (IP)

Bryan Cave Frank­furt: Stefan Skulesch, Of Coun­sel (Tax)

Deheng-Shi & Chen Asso­ciés Paris
Renlin Shi, Part­ner (Corpo­rate)

About Bryan Cave LLP
Bryan Cave LLP (www.bryancave.com) is one of the leading inter­na­tio­nal law firms with appro­xi­m­ately 900 attor­neys in 25 offices throug­hout the United States, Europe and Asia. The firm advi­ses a wide range of clients from corpo­ra­ti­ons to finan­cial insti­tu­ti­ons and orga­niza­ti­ons to indi­vi­du­als. These include inter­na­tio­nal corpo­ra­ti­ons, large and medium-sized family busi­nesses, part­ner­ships, non-profit orga­niza­ti­ons and start-ups.