Norton Rose Fulbright advises BHL Limited on the proposed privatisation of Bracell Limited

Global law firm Norton Rose Fulbright has advised BHL Limited on the proposed privatisation of Bracell Limited. The privatisation will involve the cancellation of all shares not already held by BHL or Gold Silk Holdings Limited. BHL’s offer of HK$1.78 per share values Bracell at approximately HK$6.09 billion.

Bracell is one of the largest specialty cellulose producers in the world. Its operations in Brazil consist of a plantation that grows eucalyptus trees on its 150,000 hectares of freehold land, and a state-of-the-art mill to produce both specialty-grade and rayon-grade dissolving wood pulp that are natural raw materials and key ingredients in a diverse range of everyday items. Bracell is listed on the Hong Kong Stock Exchange.

BHL is a special purpose vehicle incorporated for the purpose of conducting the privatisation of Bracell. Its sole shareholder is the ultimate controlling shareholder of Bracell.

Bracell will be privatised by way of a scheme of arrangement under the Bermuda Companies Act and in accordance with the requirements of the Hong Kong Code on Takeovers and Mergers and the listing rules of the Hong Kong Stock Exchange.

The Norton Rose Fulbright team was led by Hong Kong partners Emma de Ronde and Jon Perry, assisted by senior associate Esther Yee and associate Wayne Lee.

For further information please contact:

Jessica Man, Marketing and Communications Executive, Asia
Tel: +852 3405 2445
jessica.man@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.