Finance Monthly January 2020 Edition

51 www.finance-monthly.com TRANSACTION REPORTS Consorcio Urvaseo’s $402 Million Award for Solid Waste Collection Services in Guayaquil Legal Adviser to Consorcio Urvaseo: On 19th August, the Municipality of the city of Guayaquil awarded a contract for waste collection in the city to the Urvaseo Consortium, formed by Spanish company Urbaser and the Ecuadorian company Valango. The amount of the contract is US $ 402 072 439 15, with a value per metric ton of US $ 3534 and an execution term of more than seven years (2737 days). Among other obligations, the consortium has taken the commitment of increasing the number of collection units and developing a new waste transfer plant. Valango has been in charge of waste collection in the city of Guayaquil since 1992, first as a member of Vachagnon Consortium and later as part of Puerto Limpio Consortium, who has been in charge of waste collection in the city of Guayaquil since 1992. After the contract was awarded to Urvaseo, the disqualified bidder (the Guayaquil Limpio consortium, formed by the Ecuadorian company Hidalgo e Hidalgo and the Mexican Promotora La Laguna, of the Pasa Group, whose offer was US $ 419 847 624 31), filed a claim before the National Public Procurement Service (known by its acronym in Spanish“Sercop”). Carmigniani Pérez Abogados with Partners Eduardo Carmigniani and Carlos Andretta and Senior Associates Roxana Aguirre and Priscilla Falconí advised Urvaseo Consortium in the contract negotiation process. Partner Eduardo Carmigniani and Senior Associate Roberto Carmigniani assisted Urvaseo Consortium in the trial of constitutional precautionary measures. Stora Enso has Completed the Divestment if its Stake in The Dawang Paper Mill Legal Adviser to Stora Enso: Financial Adviser to Stora Enso: PR & Government Adviser to Stora Enso: HR Adviser to Stora Enso: Stora Enso has announced that it has completed the divestment of its 60% equity stake in the Dawang Mill in China to its joint venture partner, Shandong Huatai Paper. After this transaction, Stora Enso has no paper production in China. The former joint venture, Stora Enso Huatai (Shandong) Paper Company Limited, operated the Dawang paper mill at Dongying in Shandong province in China. The mill has an annual production capacity of 140,000 tonnes of super-calendered (SC) magazine paper and other publication paper grades based on recovered fibre. Stora Enso first announced plans to divest its stake in the JV in July of this year. At that time, Kati ter Horst, EVP of Stora Enso’s Paper division, commented: “We have had a joint venture partnership with Huatai over the past ten years of operation and believe Huatai can develop Dawang Mill for the long-term benefit of Chinese paper customers.” The transaction will not have any material impact on Stora Enso’s operational EBIT. Following the transaction, Stora Enso’s net debt will decrease by approximately € 22 million and annual sales by approximately € 60 million. DaoHe Consulting#s team, led by Jane Zhang and Yuan Wang, advised Stora Enso on external and internal stakeholder communications and government engagement during the divestment. The team developed a comprehensive communication strategy, targeted action plans and drafted a complete set of communication materials addressing stakeholder concerns at different stages of the transaction. DaoHe also provided effective on-site support to Stora Enso in meetings with key regulators.