Mutares SE & Co. KGaA (XTRA:MUX) signed an agreement to acquire Magnas facility in Bordeaux from Magna International Inc. (TSX:MG) on December 22, 2022. Closing expected in the first quarter of 2023.

The plant, which is expected to generate revenues of around EUR 200 million in 2022, employs 740 people and has a long tradition of producing premium transmissions for the automotive industry. Guillaume Rougier-Brierre, Bertrand of Gide acted as legal advisor to Magna. Hengeler Mueler on M&A aspects, Flichy Grangé on employment law aspects; Becker Günther Polster on the tax law and Austrian law aspects; Watson Farley on property law aspects; Jones Day on environmental law aspects.

acted as advisor to Magna. SZA Schilling