TGS Baltic provided legal assistance to the 51% majority shareholders of SIA S.B.C. in sale of their shares to the minority shareholder the Norwegian company Contiga Holding AS

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TGS Baltic provided legal assistance to the 51% majority shareholders of one of the largest producers and largest exporter of steelwork and constructions SIA S.B.C. in sale of their shares to the 49% minority shareholder the Norwegian company Contiga Holding AS. That transaction completed the sale of the shares of SIA S.B.C. commenced on 2013, when the majority shareholders, who owned all the shares of the company at that time sold the first batch of 49% to Contiga Holding AS.

SIA S.B.C. is the TOP 1 largest exporter of steelwork and the TOP 3 largest Latvian steel construction producer. The steelwork company specialises in engineering, design, fabrication, assembly, supervision and construction of steel constructions and buildings. http://www.sbc.lv/en/

Contiga Holding AS is owned by Heidelberg Cement Northern Europe AB (60%) and KB Gruppen Kongsvinger AS (40%) via Nordic Precast Group AB.

Contiga is a leading supplier of solutions in precast concrete and prefabricated steel structures and has operations in five countries: Norway, Sweden, Denmark, Germany and Latvia. The total turnover of Contiga group amounts to EUR 250 million with 1.200 employees and 13 plants in five different countries. http://contiga.no/english/  

HeidelbergCement is one of the world’s largest construction material companies. With the takeover of the Italian cement producer Italcementi, HeidelbergCement became the number 1 in aggregate production, number 2 in cement, and number 3 in ready-mixed concrete. https://www.heidelbergcement.com/

TGS Baltic team was led by Partner Andra Rubene and Associate Partner Nauris Grigals.