Votorantim Cimentos’ Acquisition of Cementos Balboa

Cuatrecasas advised Votorantim Cimentos on the deal.

Through its subsidiary Corporación Noroeste, Votorantim Cimentos has reached an agreement to buy Cementos Balboa in Spain.

Thanks to this acquisition, Votorantim Cimentos strengthens its position in the Spanish market, where it has been based since 2012 with four cement factories, two mills, a mortar plant, and several concrete and aggregate plants. It is present in Andalusia, the Canary Islands, Castile and León, Extremadura and Galicia.

Votorantim Cimentos has been in Spain since 2012 and currently operates four integrated cement plants, two cement mills, one mortar plant and several concrete and aggregates plants.

Cementos Balboa has an integrated plant in Alconera, southwest Spain, with an installed production capacity of 1.6Mta.

The Cuatrecasas team advising on the transaction was led by Luis Güell (Picture) and Sara Mondelo (Corporate) with the following lawyers participating: Antonio Barba, Isabel Bárbara, Elena Caballero, Eduardo Caruz, Marcos Fariña, Pablo García, Mónica González, Joaquín Lozano, Pedro Méndez de Vigo, Jorge Monclús, Alejandra Moreno, Irene Moreno-Tapia, Virginia Moreta, Alejandro Bruzón, Jorge Robles, Gonzalo Susaeta, Lorenzo Varela, Cristina Vila, Albert Agustinoy, Luis Alba, Lara Vettorazzi and Roberto Vázquez.

Involved fees earner: Luis Alba – Cuatrecasas; Eduardo Caruz – Cuatrecasas; Albert Agustinoy – Cuatrecasas; Antonio Barba – Cuatrecasas; Isabel Bárbara – Cuatrecasas; Alejandro Bruzon – Cuatrecasas; Elena Caballero – Cuatrecasas; Marcos Fariña – Cuatrecasas; Pablo García Vázquez – Cuatrecasas; Mónica González – Cuatrecasas; Luis Güell – Cuatrecasas; Joaquín Lozano – Cuatrecasas; Pedro Méndez de Vigo – Cuatrecasas; Jorge Monclús – Cuatrecasas; Sara Mondelo – Cuatrecasas; Alejandra Moreno Meyer-Alten – Cuatrecasas; Irene Moreno-Tapia – Cuatrecasas; Jorge Robles – Cuatrecasas; Gonzalo Susaeta – Cuatrecasas; Lorenzo Varela – Cuatrecasas; Roberto Vázquez – Cuatrecasas; Lara Vettorazzi – Cuatrecasas; Cristina Vila – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: Votorantim Cimentos SA;

Author: Federica Tiefenthaler