Filip & Company has advised LafargeHolcim on its acquisition of the Somaco Group from Oresa Ventures in Romania. Popovici Nitu Stoica & Asociatii advised Oresa on the sale, which remains subject to regulatory approvals and competition clearance in Romania and is expected to close in the fall of 2019.
According to LafargeHolcim, “the transaction will allow LafargeHolcim to develop its position on the Romanian building materials market, where the company is already present in the cement, ready-mix concrete, and aggregates segments.”
Established in 2015, LafargeHolcim offers building materials and solutions and is active in four business segments: cement, aggregates, ready-mix concrete, and solutions & products. LafargeHolcim operates in around 80 countries.
Somaco operates five precast concrete plants and one plant for aerated blocks in Romania. The company has a portfolio of precast solutions for bridges, tunnels, subways and logistics platforms, and supplies products for the residential sector.
Oresa, which has been active in Romania since 1987, is a Swedish family-owned equity investment company.
The Filip & Co team was led by Partners Alina Stancu Birsan and Cristina Filip and included Partners Ioana Roman and Catalin Suliman and Counsel Olga Nita.
The PNSA team was led by Partner Silviu Stoica, supported by Managing Associate Vlad Ambrozie and Associate Ruxandra Petcu.