CHSH Belarus, working alongside lead counsel Beiten Burkhardt, has advised Knauf on the indirect acquisition of Belgips Jsc, a Belarusian major manufacturer of gypsum plasterboards.
The transaction was structured as a 50% share acquisition in Corporation Volma LLC (Russia), which is a major shareholder of Belgips. The seller of the shares is an unnamed Russian businessman.
By means of this acquisition Knauf will invest in the construction of the new manufacturing facility of Belgips and strengthen its market position in Belarus.
CHSH acted as Belarusian legal counsel to KNAUF, advising on the Belarusian aspects of transaction structuring, the legal due diligence of BELGIPS, the merger control clearance, the shareholders agreement, and corporate governance issues. The firm's team was led by local Managing Partner Sergei Makarchuk.
