Udo Udoma & Belo-Osagie has advised Saint-Gobain S.A. (“SG”) on the Nigerian elements of its proposed acquisition of Dubai-based global construction chemicals player, the Fosroc for a sum of $1.025 billion.
The transaction remains subject to customary conditions including regulatory approvals and is expected to occur in the first-half of 2025.
Fosroc has an extensive global footprint, offering diverse solutions for the construction industry, including admixtures and additives for concrete and cement, sealants and adhesives, concrete repair solutions and flooring and waterproofing solutions.
Saint-Gobain’s proposed acquisition will create a €6.2 billion construction chemicals business across 73 countries following the acquisition.
The UUBO transaction team was led by M&A partner, Folake Elias Adebowale with valuable support from senior associates, Damilola Adedoyin and Shakirudeen Mosobolaje, together with associates Precious David, Omeiza Alao, Dumebi Anike-Nweze, Anjolaoluwa Shittu and Josephine Ukpong.
Specialist finance advice was provided by UUBO Banking & Finance team partner, Joseph Odianosen Eimunjeze leading a team that included Chisom Okolie and love olayemi.
For more information about our practice area offerings please contact us at uubo@uubo.org and visit www.uubo.org.
