Bekaert’s Acquisition of full ownership of Bridon-Bekaert Ropes Group


Carey advised Bekaert and Ontario Teacher’s Pension Plan Board on the clearance process in Chile

Bekaert and Ontario Teachers’ Pension Plan (Ontario Teachers’) have reached an agreement in principle for the acquisition by Bekaert of Ontario Teachers’ 33% equity share in Bridon-Bekaert Ropes Group. The ropes and advanced cords business, whose financial results are included in the consolidated financial statements of Bekaert since the establishment of Bridon-Bekaert Ropes Group at the end of June 2016, will become a wholly owned subsidiary of Bekaert.

Taking full ownership of Bridon-Bekaert Ropes Group fits within the ambitions and strategy of Bekaert to grow a global ropes and advanced cords business that will create significant value over time for customers worldwide and for the Bekaert Group.

In Chile, Carey advised Bekaert and Ontario Teacher’s Pension Plan Board (OTPP) on the Antitrust clearance process with a team including Claudio Lizana (Picture), María José Villalón, Natalia Acevedo and Oscar Lizana.

Involved fees earner: Claudio Lizana – Carey; María José Villalón – Carey; Natalia Acevedo – Carey; Oscar Lizana – Carey;

Law Firms: Carey;

Clients: Bekaert; Ontario Teachers’ Pension Plan;

Author: Ambrogio Visconti.