Befesa Steel Services GmbH acquired the remaining 50% stake in Recytech S.A. from Recylex S.A. for ?40 million on June 21, 2024.

Befesa Steel Services GmbH completed the acquisition of the remaining 50% stake in Recytech S.A. from Recylex S.A. on June 21, 2024. Pierre-Emmanuel Fender of Gibson, Dunn & Crutcher LLP acted as legal advisor to Recylex. Alexandra Bigot of Latham & Watkins LLP (Paris) acted as legal advisor to Befesa. Nicolas Laurent of Bredin Prat & Associes acted as legal advisor to creditors.