DLA Piper advises HeidelbergCement on the sale of several assets in Spain
DLA Piper advised the German cement group HeidelbergCement on the structure of a divestment strategy and the subsequent sale of several assets in Spain
In Catalonia, it signed an agreement with Cementos Molins, via its subsidiary PROMSA, to sell its aggregates and concrete activities in the region, including two concrete plants at Zona Franca de Barcelona and Montcada i Reixac, as well as a quarry at Begues and another in Llinars. This operation was structured through Hanson Hispania, a subsidiary of the German cement group.
In Asturias, it has agreed with Grupo Mota for the sale of its branch of activity consisting of the operation of a limestone quarry and a factory for the production of ready-mixed concrete.
HeidelbergCement also agreed to the sale of a limestone quarry and three concrete batching plants to Mexican cement company Cemex.
The DLA Piper team advising HeidelbergCement was led by corporate partner Joaquín Echánove (pictured top left), who was supported by Luis Borrero (pictured center right) and Pablo García (pictured bottom left) , respectively legal director and senior partner, from the same department, who worked with in-house lawyers Sonia Fernandez Lovelle (photo in the center), legal director of HeidelbergCement Western & Southern Europe and Iñigo García Atance (photo top right), legal director for Spain. Joaquín Hervada (photo center left), partner of DLA Piper Spain Competition, was in charge of relevant competition law issues with Rafael Maldonado (photo bottom right), senior partner.
Commenting on this transaction, Joaquín Echánove said: “We are delighted to advise HeidelbergCement on this complex and diverse set of transactions, helping it to execute its strategic plan to focus its activities in key regions of Spain. .
Joaquín Hervada, declared: “It is essential to structure correctly and from the start the investment / divestment transactions. We are happy to have been able to bring added value to HeidelbergCement and to support them in this process.