Slaughter and May advised Ball Corporation - European competition aspects of proposed acquisition of Rexam plc and the subsequent divestment of assets to the Ardagh Group

Slaughter and May advised Ball Corporation (Ball) on the European competition aspects of its proposed US$6.9bn acquisition of Rexam plc. Following a Phase 2 investigation the acquisition received conditional clearance from the European Commission in January 2016.

The clearance decision was conditional on the divestment of certain assets and Slaughter and May advised Ball throughout the divestment and purchaser approval processes. The European Commission approved Ball’s sale of the divestment assets to the Ardagh Group in June 2016.

Slaughter and May worked throughout as an integrated team with Axinn, Veltrop & Harkrider LLP.