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RTPR Allen & Overy and Noerr Advise on Sale of Manufacturing Plant Near Bucharest

RTPR Allen & Overy and Noerr Advise on Sale of Manufacturing Plant Near Bucharest

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RTPR Allen & Overy has advised Ruukki Romania, a member of the Swedish group SSAB, in relation to the sale of its factory in Bolintin-Deal, Romania, to Finland's Peikko Group Corporation. Noerr advised the buyer on the deal.

Ruukki is a producer of metallic roofing sheets for residential buildings and metallic solutions for commercial and industrial buildings. Peikko — a family-owned company founded in 1965 and headquartered in Lahti, Finland — supplies a selection of concrete connections and composite beams for both precast and cast-in-situ (made on the site) solutions in a wide variety of applications.

The factory acquired by Peikko, which was built in 2007, has a total surface of 30,000 square meters and it also includes a piece of land of 60,000 square meters. Noerr reports that Peikko plans to gradually build up the production capacity of the new Romanian unit.

The RTPR team included Partner Alexandru Retevoescu and Associates Laurentiu Tisescu and Andrei Lupu.

The Noerr team was led by Senior Associate Alexandru Dan, working under the supervision of Associated Partner Roxana Dudau. The team also included Counsel Rusandra Sandu, Attorneys Raluca Botea and Diana Rizea, and Associate Cornelia Postelnicu.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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