UK: The Sofidel Group: £70 million Investment in Wales
Last Updated: 27 September 2004

27 September 2004 - RadcliffesLeBrasseur has been advising the Sofidel Group from Italy in relation to its £70 million investment into Wales. The Group has exchanged contracts for the purchase of an 82 acre site on which a new state of the art 800,000 square foot paper mill will be constructed.

RadcliffesLeBrasseur partner Michael Nathanson who heads the firm’s Italian Group and specialises in Anglo-Italian cross border matters led the team that advised Sofidel and Deepak Manghnani a partner in the firm’s Commercial Property Group advised on all aspects of the land acquisition.

Nathanson commented: "This was a long and complicated transaction and we are pleased that contracts have now been exchanged and the construction work commenced. We are delighted to have been able to assist Sofidel in this substantial inward investment."

The Sofidel Group has paper mills in Italy, France and Poland and is one of the fastest expanding European businesses in the paper sector. The new mill in Wales will produce 60,000 tons of tissue annually for the UK market.

Nathanson commented: "Having assisted Sofidel in establishing itself in Wales we look forward to continuing to advise the Group as the project develops."

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About RadcliffesLeBrasseur:

RadcliffesLeBrasseur has a multi-disciplinary team of lawyers who provide fast, efficient and cost effective corporate and commercial advice to major plcs, institutions, healthcare providers, private companies, family owned businesses, partnerships, sole proprietors and not-for-profit organisations. RadcliffesLeBrasseur lawyers have expertise in all areas of corporate and commercial law ranging from major events such as mergers and acquisitions to everyday issues such as employment law and tax.

For further information please contact:
Michael Nathanson, RadcliffesLeBrasseur (Head of Italian Group) – 020 7222 7040

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