On 15 June 2016, EPC announced that the Board of Directors of Nordex Explosives Ltd. had voted to approve a takeover bid and share buy-back deal for this company.
Conditional upon the approval of the shareholders of Nordex Explosives Ltd. in general meeting, the company, currently listed on the TSX Venture Exchange, will be delisted and returned to the private sector.
Nordex Explosives Ltd. is a Canadian company which manufactures explosives for non-military use in the Province of Ontario.
Nordex produced a turnover of 16.5 million Canadian dollars in 2015.
It distributes and deploys its products in the mining sector, in quarries and for public works projects.
Almain advised EPC, a company listed on the NYSE Euronext Paris, in connection with this transaction which remains subject to some standard conditions precedent for this type of deal.
EPC was advised by an Almain team, as lead counsel, led by Edgard Nguyen with the support of McMillan LLP, as local counsel.
Nordex Explosives Ltd. was advised by Wildeboer Dellelce LLP.
The experience of Almain’s partners in cross-border M&A transactions, together with their network of foreign legal correspondents, helps them to guide and support their clients in their international development in the farthest reaches of the world.
Over the last twelve months, Almain’s partners have been involved in transactions in Canada, Italy, Spain, Germany, Russia and Turkey.