Through its subsidiary Corporación Noroeste, Votorantim Cimentos has reached an agreement to buy Cementos Balboa in Spain. Cuatrecasas advised Votorantim Cimentos on the transaction, which is subject to certain conditions, including approval by the Spanish regulatory authorities.
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.
The Cuatrecasas team advising on the transaction was led by Luis Güell 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.