Zhe Jiang Hai Liang Co., Ltd (SZSE:002203) signed an agreement to acquire European brass rods business and tubes business from KME AG and KME Germany GmbH & Co. KG for approximately €120 million on January 28, 2019. The transaction price does not include working capital and reimbursement of intercompany payables outstanding at closing. The transaction includes KME Brass Germany GmbH, KME Brass Italy S.p.A., Kabelmetal Messing Beteiligungsgesellschaft mbh, KME Ibertubos S.A.U. and assets and liabilities related to the German tubes business owned by KME Germany GmbH and Co.KG. The overall transaction perimeter employs a total of around 1,100 workers. The transaction was approved at Zhe Jiang Hai Liang’s 2019 first extraordinary general meeting. As reported on March 31, 2019, all conditions to the transaction were fulfilled. The closing of the transaction is subject to conditions precedent and is expected to be executed within the first quarter 2019. Jens Tschauder, Liting Kong, Christian Stippler and Christian Enderichs of ACXIT Capital Partners acted as financial advisor to KME Group and the selling shareholders.. Karl Hepp de Sevelinges, Ingrid Fauvelière, Nicolas Martin, Déborah David, Laure Asdrubal, Frédéric Sardain of Jeantet & Associés acted as legal advisors for Zhe Jiang Hai Liang Co., Ltd. Florian Harder, Korel Kaplan and Chloé Lignier of Linklaters acted as legal advisor for KME AG. Georg Schneider, Robert Korndörfer, Carsten Heinz, Michael Tommaso, Bärbel Sachs, Christoph Thiermann, Sebastian Janka , Michael Reiling, Christoph Rieken, Uwe Erling, Anna Loibl, Sarah Götze, Johannes Pfeiffer, Sarah Blazek, Hannes Butz, Henrik Dornscheidt, Max Helleberg, Sven Lohse and Alexander Mühleisen of Noerr LLP acted as the legal advisors to Zhe Jiang Hai Liang. Zhe Jiang Hai Liang Co., Ltd (SZSE:002203) completed the acquisition of European brass rods business and tubes business from KME AG and KME Germany GmbH & Co. KG on March 31, 2019.