Global Law Firm Freshfields advises Guangdong Dongfang Precision Science & Technology Co., Ltd. (Dongfang Precision), a PRC-headquartered company listed on the Shenzhen Stock Exchange, on the sale of its corrugated cardboard packaging production business (Fosber) to Brookfield, a leading global alternative asset manager. The transaction value is approximately US$900 million.
Fosber, headquartered in Europe, is a global leader in the design and production of advanced machinery, parts, and services for the corrugated packaging industry, with its operations across Europe, the US and China.
The transaction was signed on 28 November 2025, and the closing date is 9 April 2026.
The Freshfields team advising on the transaction was led by M&A partner Sarah Su, with support from counsel Peter Li, associate Haohan Li, and trainee Ovi Cheung. Finance advice was provided by partner Daniel French, counsel Celia Zhou, and associate Nathalie Leung.
Tax advice was provided by partner Peter Clements, counsel Samuel Withnall, and associate Jonathan Bowering.
Employment advice was provided by counsel Stephanie Chiu, with certain US employment advice provided by partner Heather Brookfield and associate Lina Zhu.
Sanctions advice was provided by partner Xin Liu and senior associate Pauline Peng. Global antitrust and FDI matters were handled by partner Hazel Yin (RuiMin) and associate Gangyi Qu.
Data privacy advice was provided by counsel Cédric Lindenmann and senior associates Vera Ibes and Fan Li.
PRC law advice (including on the material assets restructuring of Dongfang Precision, as an A-share listed company) was provided by RuiMin, which was led by partners Silvia Gong and Murphy Li, with support from senior associate Mengyu Zhu and associate Joshua Li.
Italian law advice was provided by partner Luigi Verga, counsel Valentina Armaroli, and associates Domitilla D’Ambra and Lorena Coviello.
US law advice was provided by partner Zheng (Jonathan) Zhou and associates Jennifer Baek and Ziqian Tao. Spanish law advice was provided by partner Miriam Perez-Schafer, associate Inigo Rios, and trainee Hornuez Abad.
French law advice was provided by partner Guillemette Burgala and senior associate Kanitha Neal. Dutch law advice was provided by partner Alexander Doorman, senior associate Maxine Lemstra, and associate Max Van Moorsel.
