SOG Advises Holcim Group on the Acquisition of Teko Mining in Serbia

July 14, 2022

SOG Advises Holcim Group on the Acquisition of Teko Mining in Serbia

July 14, 2022

Miloš Velimirović

Miloš Velimirović

Partner

Milan Novakov

Milan Novakov

Senior Associate

Holdertrade Ltd, a member of the multinational Holcim Group that manufactures building materials, has successfully acquired Teko Mining Serbia, one of the country’s largest independent aggregates companies, with estimated 2022 net sales of over EUR 20 million.

The acquisition includes Teko’s four quarries and will strengthen Holcim’s presence in the Serbian market, complementing its recent acquisition of another aggregates operation in the region. The acquisition will advance Holcim’s “Strategy 2025 – Accelerating Green Growth” by further fueling growth with bolt-on acquisitions in the aggregates and ready-mix concrete businesses.

In this multi-million transaction, SOG acted as the main legal counsel of Holcim Group. SOG undertook the legal due diligence of the target company, structured and negotiated the transaction, prepared transactional documents, handled the closing and obtained relevant regulatory approvals.

SOG team of legal experts was headed by Partner Miloš Velimirović and Senior Associate Milan Novakov.

 

 

 

This text is for informational purposes only and should not be considered legal advice. Should you require any additional information, feel free to contact us.

Contact:

Miloš Velimirović, Partner
milos.velimirovic@sog.rs

Milan Novakov, Senior Associate
milan.novakov@sog.rs

 

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