Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted Lafarge in connection with the sale of its assets in Romania as part of a selection process won by the Irish company Cement Roadstone Holdings (CRH). As a consequence of the expected USD 40 billion merger between Lafarge and Holcim, one of the largest worldwide deals on the construction market, CRH will take over the shares of Lafarge and Holcim in several jurisdictions, including France, Germany, Hungary, Romania, Serbia, Slovakia, UK, Canada, US, the Philippines, and Brazil.
In a joint statement, Holcim and Paris-based Lafarge said they entered negotiations with CRH to sell cement factories and other facilities to CRH for EUR 6.5 billion (USD 7.34 billion), part of a selloff required to get approval from various global antitrust authorities.
NNDKP’s involvement consisted in carrying out a thorough due diligence analysis of Lafarge in relation to all eight of the companies it owns in Romania, in providing legal advice during the due diligence process conducted by the interested investors, and assisting in connection with the Romanian aspects of the transaction documentation.
The project was coordinated by Partner Ruxandra Bologa (Partner and Co-head of the Corporate, Energy and Natural Resources practice) and Senior Associate Anca Mihailescu, and the due diligence process was conducted by a cross-disciplinary team of attorneys from the firm.
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