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PLMJ advises Cimentos Estrada Pedra SGPS on the acquisition of 50% of Maxmat by Sonae MC

02/06/2021
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PLMJ advised Cimentos Estrada Pedra SGPS on the acquisition of 50% of Maxmat by Sonae MC. PLMJ's team of lawyers was headed by partner and co-head of the Corporate M&A practice, Duarte Schmidt Lino and included senior associates Nuno Serrão Faria and Pedro Menezes Cardoso, Tomás Cardoso e Cunha (associate) and Sara Alves Lourenço (trainee).

Sonae MC sold 50% of Modelo - Distribuição de Materiais de Construção (Maxmat) to Cimentos Estrada Pedra SGPS, which is wholly owned by Building Materials Europe (BME Group). BME Group already owns the remaining 50% of Maxmat. Maxmat is a hard-discount retailer in the DIY, building and garden market. The completion of the transaction (subject to regulatory approvals) is expected to occur in the third quarter of this year.

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