Cirio legal advisor to BEWiSynbra Group in its acquisition of six EPS insulation production sites in France

Cirio has advised BEWiSynbra Group, one of the leading integrated producers of expandable polystyrene (EPS) in Europe, in its joint acquisition with Hirsch Servo Group of 49.9 per cent of the shares in the French company Isossol SAS and six EPS insulation production sites in France from the French company Placoplatre S.A.

BEWiSynbra Group and HIRSCH Servo Group (“HIRSCH”) have entered into an agreement to acquire six EPS insulation production sites in France and 49.9 per cent of the shares in the French company Isossol SAS from Placoplatre S.A, a subsidiary of Saint-Gobain. The acquisitions are done through a newly incorporated French company, HIRSCH France SAS, owned 66 per cent by HIRSCH and 34 per cent by BEWiSynbra.

Completion of the transactions are subject to customary conditions, including regulatory approval, and is expected to take place by the end of 2019.

Cirio’s team consisted of partner Carl Axel Morvay, assisted by associates Erik Sundgren and Johanna Permatz.

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