Brookfield Business Partners L.P. (TSX:BBU.UN) along with institutional partners and Schoeller Industries B.V. entered into an agreement to acquire 75% stake in Schoeller Allibert Participations B.V. from REMA Investments Coöperatief U.A. for approximately €210 million on January 5, 2018. After the transaction, Schoeller Industries will continue to hold 25% stake in Schoeller Allibert Group B.V. and Brookfield will facilitate Schoeller Industries increasing their ownership by 5% to 30% at closing. Schoeller Industries will contribute additional packaging assets and intellectual property rights. Brookfield will commit to fund up to €50 million of the equity on closing using existing liquidity. As of May 7, 2018, Brookfield Business Partners committed to fund approximately €40 million of the equity on closing using existing liquidity comprising of financial assets, undrawn credit facilities, cash flow from our operations and access to public and private capital markets. Prior to or following closing, a portion of Brookfield's investment may be syndicated to other institutional investors. Closing of the transaction is subject to customary conditions, including, among others, regulatory approvals and is expected to occur in the second quarter of 2018. As of March 15, 2018, the acquisition has been approved by the EU Commission. Citi Group, Inc. acted as the financial advisor to Schoeller Industries and JPMorgan Chase, Inc., ultimate parent of REMA Investments Coöperatief. Alwyne Capital Limited acted as financial advisor to Schoeller Industries B.V. Burc Hesse, Sebastian Pauls, Jeremias Bura, Thomas Diekmann, Jennifer Kramar, Joshua Chalkley, Stefan Süss, Ulf Kieker, Shaun Thompson, Tobias Leder, Annika Juds, Laetitia-Marie Jamet, Jörn Kassow, James Barrett, Paul Davis, Michael Green, Jana Dammann De Chapto, Immo Schuler, Christian Engelhardt, Panu Siemer, Eun-Kyung Lee, Francesco Lione, Yeniva Massaquoi, Olga Ponomarenko and Oksana Uberwolf of Latham & Watkins LLP acted as legal advisors for Brookfield. J.P. Morgan acted as financial advisor to J.P. Morgan Private Investments on the sale of its controlling equity interest in Schoeller Allibert to Brookfield Business Partners. J.P.Morgan acted as financial advisor to REMA Investments Coöperatief, an indirect subsidiary of J.P.Morgan.