Bucharest - 20 august 2015
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Schoenherr advised Rohrdorfer group on its acquisition of CEMEX's operations in Austria and Hungary for approx. EUR 160 mn. A sale and purchase agreement was signed on 11 August 2015. The closing of the transaction is expected during the fourth quarter of 2015 and is subject to the satisfaction of standard conditions for this type of transaction, including merger clearance.
The Austrian operations consist of 24 aggregate quarries (approx. 6.47 mn metric tonnes of aggregates sold in 2014) and 34 ready-mix plants (approx. 1.60 mn cubic metres of ready-mix sold in 2014). CEMEX's operations in Austria had net sales of approx. USD 241 mn in 2014.
The Hungarian operations being divested consist of 5 aggregate quarries (approx. 1.36 mn metric tonnes of aggregates sold in 2014) and 34 ready-mix plants (approx. 0.46 mn cubic metres of ready-mix sold in 2014). CEMEX's operations in Hungary had net sales of approx. USD 47 mn in 2014.
Rohrdorfer group operates in five business units: cement, ready-mix concrete, sand and gravel, concrete goods, and finished parts. It has sites in Bavaria, Austria and in the South Tyrol region of Italy. In 2014, Rohrdorfer group generated a turnover of approx. EUR 290 mn and employed 1,100 people. Its acquisition of CEMEX's operations in Austria and Hungary allows the group to both expand regionally and strengthen its core business.
The Schoenherr M&A team advising Rohrdorfer was led by Alexander Popp (partner, Corporate/M&A) and further comprised Clemens Leitner (attorney at law, Corporate/M&A), Manuel Ritt-Huemer and Florian Hutzl (both associates, Corporate/M&A). Hanno Wollmann and Franz Urlesberger (both partners, EU & Competition) advised on competition law aspects and merger control. The team was completed by Bernd Rajal (partner, Regulatory), Stefan Kühteubl (partner, Employment), Constantin Benes (attorney at law, Real Estate), Julia Spitzbart (associate, Regulatory), Karolin Andréewitch (associate, Employment), and Sandra Seldte (associate, Real Estate).
CEMEX was represented by bpv Hügel.
Schoenherr is a leading full-service law firm in Central and Eastern Europe. With 13 offices located in Belgrade, Bratislava, Brussels, Budapest, Bucharest, Chisinau, Istanbul, Ljubljana, Prague, Sofia, Vienna, Warsaw and Zagreb, as well as country desks for Albania, Bosnia-Herzegovina, Macedonia, Montenegro and Ukraine, Schoenherr provides its clients with comprehensive coverage of the CEE/SEE region ( Schoenherr is in compliance with the respective local legal standards and conduct rules in all countries; therefore, the local firm name may vary from jurisdiction to jurisdiction.) More than 300 legal professionals work across borders in both a centralized and de-centralized manner, according to the individual client’s needs and requirements. Quality, flexibility, innovation and practice-oriented solutions for complex assignments in the field of business law are at the core of the Schoenherr philosophy.
Contact:
Alexander Popp, Partner
T: +43 1 53437 50478
E: a.popp@schoenherr.eu
Peter Klopf, PR & Marketing
T: + 43 1 534 37 50719
E: p.klopf@schoenherr.eu
Cuvinte cheie:
Schoenherr Rohrdorfer consulting CEMEX's Austria Hungary