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News from Members RTPR advises Romcim on the acquisition of Bauelemente, with Schoenherr advising on merger clearance and FDI

RTPR advises Romcim on the acquisition of Bauelemente, with Schoenherr advising on merger clearance and FDI

by RTPR | Radu Tărăcilă Pădurari Retevoescu SCA August 7, 2023


RTPR has assisted Romcim S.A. in relation to the acquisition of Bauelemente Reinvest S.R.L. and its fully owned subsidiary, Bauelemente S.R.L., the market leader manufacturer of prefabricated reinforced and prestressed concrete in Romania. Romcim, part of the CRH Group, is one of the largest suppliers of cement, aggregates and concrete for the construction sector in Romania. With this transaction, Romcim adds three production facilities to its Romanian business, located in Bolintin Deal (Giurgiu), Cristian (Sibiu), and Aricestii Rahtivani (Prahova).

Schoenherr advised Romcim on the FDI filing and obtaining merger clearance from the Romanian competition authority in connection with the transaction.

The RTPR team that provided advice on this project was coordinated by Mihai Ristici (Partner) and Cezara Urzica (Managing Associate), and further included Diana Dimitriu, Ana Maria Barbu (Senior Associates), Andrei Tosa, Codrina Simionescu (Managing Associates), Serban Halmagean (Associate), Flavia Mincu, Filip Marinau, Irina Marinescu, Maria Luca and George Capota (Junior Associates).

The Schoenherr team advising Romcim on this matter was coordinated by Georgiana Bădescu (Partner) and included Cristiana Manea (Senior Attorney at Law), Darius Trușculete (Attorney at Law) and Ștefana Andronachi (Associate).

We are honoured to have assisted Romcim in this acquisition and we would like to thank them for putting their trust in our team. We are proud of our M&A team’s achievements who have earned its reputation and experience in the most complex and sophisticated transactions on the market”, declared Mihai Ristici, Partner of RTPR.

I am happy to have contributed to this transaction together with the entire project team – clients and colleagues. I would like to thank everyone for their professionalism and dedication, together we managed to successfully close a new important deal in the most favourable circumstances. Congratulations to the Romcim team and good luck going further”, said Cezara Urzica, Managing Associate at RTPR.

We are glad to have once again been alongside Romcim in their competition and foreign trade projects in Romania. Congratulations to the parties and thank you to everyone involved – in-house counsels, as well as their external consultants – for the excellent collaboration”, said partner Georgiana Bădescu, who led the legal services provided by Schoenherr to Romcim in this matter.

RTPR’s Corporate/M&A team is well known for its extended transactional experience. Last year, RTPR signed 26 M&A transactions, out of which 10 private equity deals. Legal 500, Chambers & Partners and IFLR1000, the most reputed international legal directories, rank RTPR’s Corporate/M&A practice in first tier in the annual rankings for the law firms in Romania. At the same time several of the team’s lawyers are recommended as Leading Lawyers or Rising Stars in individual rankings produced by these publications.

Schoenherr is a leading regional law firm, with 15 offices and four country desks in Central and Eastern Europe and South-Eastern Europe. The firm has been active in Romania since 1996, providing full-service legal advice to local and multinational companies. Schoenherr și Asociații SCA is ranked by all legal directories that survey the Romanian legal market (Chambers & Partners, Legal 500, IFLR1000). The firm's competition, EU & foreign trade team has strong track record in advising on FDI and merger clearance (both in front of the Romanian competition authority and in front of DG Comp).

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