Lakatos Koves & Partners has advised Polish listed company Selena Group on a strategic collaboration with Hungary's Masterplast to establish a glass wool factory in Szerencs. Peremiczki & Turi reportedly advised Masterplast.
Hungarian listed company Masterplast is an insulation material and construction industry product producer and distributor.
The Selena Group is a distributor of construction chemicals and a global producer of polyurethane foam.
According to LKT, within the framework of a strategic collaboration, the Selena Group is to acquire a 50% stake in the glass wool manufacturing project in the Hungarian town of Szerencs, where the companies will jointly establish the glass wool factory. "The establishment of the mineral-based thermal insulation manufacturing plant was previously initiated by Masterplast through the acquisition of PIMCO. In the ongoing production development project company, Selena will carry out a close to EUR 10 million capital increase, acquiring a 50% ownership stake, and together with Masterplast they will continue the investment."
The LKT team included Partner Ivan Solyom and Lawyers Botond Horvath, Balazs Rokob, and Viktoria Tamas.