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Tokyo market leader set to acquire $74m interest in PagePack
A Tokyo stock exchange-listed company has proposed to acquire 51 per cent interest in the newly formed Australian and New Zealand entity, PagePack.
Emma Musgrave
Firm: Baker McKenzie (Japan Pulp and Paper Co. Ltd); Undisclosed (PagePack)
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Deal: Japan Pulp and Paper Co. Ltd have been advised on its proposed acquisition of a 51 per cent interest in PagePack.
Value: $74,949,600
Area: M&A
Key players: The legal teams advising Japan Pulp and Paper Co. Ltd were from the Tokyo and Sydney offices of Baker McKenzie.
The Tokyo team was led by partners Kiyoshi Endo, Satoshi Abe and Tatsuya Niwa, while the Sydney team was led by partners Lawrence Mendes and Ben McLaughlin.
Deal significance: PagePack is a newly formed entity comprising two previously separate wholesale paper, packaging and industrial products distribution businesses operated by the BJ Ball and the KW Doggett groups in Australia and New Zealand.
Meanwhile, Japan Pulp and Paper Co. Ltd is a Tokyo-listed engaged in the distribution of paper and paper-related products.
The completion of this transaction is subject to customary conditions, including regulatory approvals, according to a statement from Baker McKenzie.
“The transaction has been complex as it combines three groups,” said Baker McKenzie partner Ben McLaughlin.
“We look forward to working with our Tokyo colleagues and other advisers to bring the transaction to a successful conclusion.”
