CRH plc (“CRH”) announced today that it has entered into a binding commitment to acquire certain assets from Lafarge S.A. (“Lafarge”) and Holcim Ltd (“Holcim”) for an enterprise value of EUR 6.5bn. The acquisition takes place in the context of the planned merger of Holcim and Lafarge. The worldwide lead legal adviser to CRH plc. was Arthur Cox, Ireland, while Mușat & Asociații was legal adviser on the Romanian jurisdiction, part of the acquisition. Completion is expected for mid-2015.
Holcim and Lafarge are disposing assets in France, Germany, Hungary, Romania, Serbia, Slovakia, the United Kingdom, Canada, the United States, the Philippines and Brazil.
CRH manufactures and distributes a diverse range of products servicing the breadth of construction needs. CRH is a leading international player in its industry, with operations in 34 countries worldwide. It is the largest building materials company in North America, a regional leader in Europe and has a growing presence in the Asian economies of India and China.
Musat & Asociatii’s legal team comprised 30 lawyers specialized in various areas of practice such as Mergers & Acquisitions, Corporate & Commercial, Banking & Finance, Environment, Labour & Employees Benefits or Intellectual Property, and was coordinated by Mona Muşat (Managing Partner), Monia Dobrescu (Partner) and Crina Ciobanu (Managing Associate). Muşat & Asociaţii provided an extensive due-diligence analysis regarding all the assets and companies of Lafarge subject to the transaction, as well as legal assistance during all stages up to closing.