METIS Rechtsanwälte LLP advised Fraport AG in relation to a strategic partnership in the field of cargo ground handling with Worldwide Flight Services (WFS). In connection therewith 51 % of the shares of Frankfurt airport domiciled Fraport Cargo Services GmbH (FCS) were sold to WFS. FCS is leader in the market of cargo handling services to third parties in Frankfurt/Main. The share sale is expected to be executed until September 2015 following merger control clearance. With its 49 % stake Fraport remains a major shareholder of FCS. Formerly advised by major law firms in the field of transactions, Fraport AG relied on METIS’ expertise throughout this transaction for the first time.
The METIS team comprised partners Dr. Lars Friske (Corporate/M&A, lead) and Dr. Heinrich von Bünau (Corporate/M&A), as well as associates Dr. Anke Behrensmeyer and Christian Cappel (both Corporate/M&A). Dr. Mare Reysen of RCAA (regarding antitrust law).
WFS was represented by Mayer Brown LLP (Dr. Marco Wilhelm, Frankfurt).