Spanish group 'Industrias Celulosa Aragonesa' negotiate with 'First Eagle Funds'

A French producer and a European player in the production of corrugated paper and packaging, the Emin Leydier group operates eight industrial sites in France. Certain First Eagle Funds have held approximately 53% of the capital of the Emin Leydier group since 2009. Over the past few years, the Emin Leydier group has consolidated its position by focusing on product quality, innovation and industrial performance. It generated revenues of 356 million euros in 2016. The envisaged transaction is subject to consultation with the Emin Leydier group employee representative bodies and approval from the EU competition authority. About First Eagle Funds The First Eagle Funds receive investment advisory services from First Eagle Investment Management, LLC (« First Eagle »). First Eagle is an independent investment management firm that provides investment advisory services for approximately $110 billion in assets (as of 6/30/17) on behalf of institutional and individual clients. First Eagle’s investment capabilities include equity, fixed income and multi-asset strategies. Over a long history dating back to 1864, First Eagle has helped its clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles—a tradition that is central to its mission today. First Eagle Funds began operations in 1979 and had $80 billion in assets as of 6/30/17. For more information, please visit www.feim.com  About Saica Saica is one of the European players in the development and production of recycled paper for corrugated cardboard, with a production of 2.5 million tons of paper. With more than 9,000 employees across Spain, France, Italy, Portugal, UK, Ireland, Turkey, Luxembourg and The Netherlands, Saica Group has four business areas: recycled paper production for corrugated cardboard (PAPER), recyclable materials recovery (NATUR), production of corrugated packaging (PACK) and flexible packaging (Flex). The consolidated turnover of the multinational is nearly 2,382 million Euros (consolidated sales, 31.12.16). For more information, please visit www.saica.com  About the Emin Leydier group The Emin Leydier group was created in 1975 from the merger of « La Cartonnerie Emin » and « Les Papeteries Leydier », two family owned companies. The Emin Leydier group is specialized in the production and the sale of corrugated paper and packaging. The Emin Leydier group operates in France out of eight industrial sites and delivers its products in France and Europe. The Emin Leydier group serves a broad range of clients in highly diversified sectors, including industry, food, and ecommerce. In 2016, the Emin Leydier group employed 1,029 people. For more information, please visit www.emin-leydier.com