Pérez-Llorca Advises PALM Group in Strategic Divestment

Deal News | Aug 08, 2025 | Iberian Lawyer

Pérez-Llorca Advises PALM Group in Strategic Divestment

In a significant legal advisory role, Pérez-Llorca has supported PALM Group during its exclusive negotiations with International Paper (IP) over the divestment of five corrugated box facilities in Europe. This move aligns with IP's obligations to the European Commission following its acquisition of DS Smith Plc. The proposed facilities include sites in Normandy, France; Ovar, Portugal; and Bilbao, Spain. The deal is predicated on employee consultations in France, with the definitive share purchase agreement expected by the end of Q2 2025. The operation showcases Pérez-Llorca's extensive expertise across corporate, real estate, tax, regulatory, and competition practices.

Sectors

  • Legal Advisory
  • Packaging
  • Corporate Finance

Geography

  • Europe – The divestment involves facilities in France, Portugal, and Spain.
  • France – Facilities in Normandy, France, are part of the divestment.
  • Portugal – A facility in Ovar, Portugal, is part of the divestment.
  • Spain – A facility in Bilbao, Spain, is part of the divestment.

Industry

  • Legal Advisory – Pérez-Llorca is providing legal advisory services to PALM Group in the divestment process.
  • Packaging – International Paper's divestment involves corrugated box facilities, a core part of the packaging industry.
  • Corporate Finance – The transaction involves financial advisory and cross-border M&A activities, implicating corporate finance.

Financials

  • Not specified – The financial terms of the divestment have not been disclosed.

Participants

NameRoleTypeDescription
Pérez-LlorcaLegal AdvisorCompanyLegal advisory firm guiding PALM Group through the divestment process.
PALM GroupBuyerCompanyAcquiring the corrugated box facilities from International Paper.
International Paper (IP)SellerCompanyDivesting their corrugated box facilities in compliance with EU regulatory commitments.
European CommissionRegulatory BodyGovernmentMandated the divestment as part of regulatory conditions for the approval of IP's acquisition of DS Smith Plc.