Jindal (India) Limited agreed to acquire Treofan Holdings GmbH from M&C S.p.A. (BIT:MEC) and others for €4.8 million on August 6, 2018. As per the transaction, the expected closing (base) price is between €0.5 million and €4.8 million. Prior to closing, in addition to the base purchase price, M&C will receive an aggregated amount estimated to be approximately €44 million. As a result of the entering into the agreement for the disposal of Treofan, the resignation of Director Walter Bickel from M&C board has become effective. The deal is subjected to antitrust clearance. The transaction is expected to close before the end of the first quarter 2019. Matteo Manfredi, Marco Papi, Andrea Cibocchi and Marco Dominici of Leonardo & Co. S.p.A. and Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisors to M&C S.p.A. Astrid Krüger, Alexander Veith, Walter Uebelhoer, Gottfried E Breuninger, Jens Matthes, Dirk Schade, Ilja Baudisch, Max Landshut, René Galle, Udo H Olgemöller, Lukas Rengier, Tobias Hugo, Jörg Weber, Francesco Guelfi, Michele Milanese, Julia Hennig, Daniel Epe, Matthias Söhner and Jan Erik Windthorst of Allen & Overy LLP and Orsingher Ortu Avvocati Associati acted as legal advisors to M&C S.p.A. Alvarez & Marsal Corporate Finance acted as financial advisor to Jindal (India) Limited. Berthold A. Hummel, Michael Bartosch, Julia Braun, Vanessa Fritzsche, Markus Mörtel, Tino Marz, Raffaele Giarda, Antonio Lattanzio, Holger Ellers, Nicolas Kredel, Clara Dust, Kathrin Marchant, Johannes Druschel, Christian Koops, Giulia Spalazzi, Anna Verena Böhm, Tim Heitling, Claire Dietz-Polte, Andreas Schulz and Ingmar Oltmanns of Baker & Mckenzie Partnerschaft Von Rechtsanwälten Wirtschaftsprüfern, Steuerberatern Und Solicitors acted as legal advisor to Jindal (India) Limited. Guido Arie Petraroli, Paolo Ruggiero and Francesco Cardone of Led Taxand acted as the legal advisors to Jindal.