New York leaders Skadden Arps Slate Meagher & Flom and Shearman & Sterling have secured roles on one of the largest German deals of the year, Schmalbach-Lubeca’s sale to US manufacturer Ball.

The deal, constructed under German law, sees Ball acquire Schmalbach-Lubeca from Germany’s AV Packaging, a joint venture between Allianz Capital Partners and power and water utility company E.on, for a total value of e1.2bn (£761m).