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Sunday, May 26, 2024

Baker McKenzie advises Clarios on the purchase of MEMESA

Baker McKenzie has counselled American company Clarios (part of Brookfield Group) on the acquisition of Valladolid-based company, Metalúrgica de Medina SA (MEMESA)

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This news has been known after last January the company Metalúrgica Medina S.A. received approval from the Dirección General de Calidad y Sostenibilidad Ambiental (Directorate General for Environmental Quality and Sustainability) to increase its annual lead alloy production capacity from 58,970 to 70,000 tonnes.

The National Commission for Markets and Competition (CNMC) was informed about this transaction and past February 16th authorised it (1st phase). This way, Clarios Iberia P&D, S.L. will be the only owner of Metalurgica De Medina, S.A.

Baker McKenzie´s Spain team was led by Corporate, M&A, and Capital Markets partner Enrique Valera along with associate Alberto Aires.

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