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CMS Advises Agir on Acquisition of Sidma Romania

CMS Advises Agir on Acquisition of Sidma Romania

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CMS has advised Agir Global on the acquisition of Steel Service Center Sidma Romania.

The transaction remains contingent on regulatory approval.

Agir Global is a Turkish steelmaker mainly active in the flat steel segment of the industry. It operates a rolling mill and steel service center in Turkiye, producing a wide range of flat steel products, teardrop, and diamond sheets.

Steel Service Center Sidma Romania is a subsidiary of Greek-based Sidma Group which operates in the field of trading and industrial processing of steel products.

According to CMS, "the acquisition marks Agir Global’s first step into the European steel market and is part of the company’s broader strategy to gain access to the key global steel markets."

The CMS team included Managing Partner Horea Popescu, Counsel Claudia Nagy, Senior Associate Elena Andrei, and Associates Rares Crismaru and Oana Chivu.

CMS did not respond to our inquiry on the matter.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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