On 23 July 2018, Constellium Valais SA, a company of

the Constellium group engaged in the aluminium plate and extrusions businesses

for industry, aerospace and transportation applications, successfully completed

the sale of its aluminium rolling business assets in Sierre, Switzerland, to

Novelis Switzerland SA for EUR 200 million. The assets, consisting of real

estate, machinery and equipment, were previously leased by Constellium Valais

to Novelis Switzerland and both parties will continue to operate in Sierre

following the transaction. Concurrently with the asset sale, Constellium Valais

contributed the Sierre site's shared infrastructure to a newly established

50-50 joint venture with Novelis Switzerland.

Bär & Karrer acted as legal advisor to Constellium

Valais in this transaction. The team included Peter Hsu, Daniel Flühmann,

Thomas Rohde, Urs Kägi, Daniel Küpfer, Marcel Züger, Annina Hammer, Tiffany Ender and Matthias Tanner (all Corporate), Corrado Rampini, Charles Gschwind

and Grégory Pauli (all Real Estate), Mani Reinert (Competition), Laura Widmer (Employment), Ruth Bloch-Riemer

(Pension), Raima Sherifoska (Notarial Services) as well as Nadja Jaisli Kull

and Kaspar Projer.

On 23 July 2018, Constellium Valais SA, a company of

the Constellium group engaged in the aluminium plate and extrusions businesses

for industry, aerospace and transportation applications, successfully completed

the sale of its aluminium rolling business assets in Sierre, Switzerland, to

Novelis Switzerland SA for EUR 200 million. The assets, consisting of real

estate, machinery and equipment, were previously leased by Constellium Valais

to Novelis Switzerland and both parties will continue to operate in Sierre

following the transaction. Concurrently with the asset sale, Constellium Valais

contributed the Sierre site's shared infrastructure to a newly established

50-50 joint venture with Novelis Switzerland.

Bär & Karrer acted as legal advisor to Constellium

Valais in this transaction. The team included Peter Hsu, Daniel Flühmann,

Thomas Rohde, Urs Kägi, Daniel Küpfer, Marcel Züger, Annina Hammer, Tiffany Ender and Matthias Tanner (all Corporate), Corrado Rampini, Charles Gschwind

and Grégory Pauli (all Real Estate), Mani Reinert (Competition), Laura Widmer (Employment), Ruth Bloch-Riemer

(Pension), Raima Sherifoska (Notarial Services) as well as Nadja Jaisli Kull

and Kaspar Projer.