Purmo Group

HVG Law and EY advise Purmo Group on its transaction to acquire a majority share of a Bosch Thermotechnology radiator factory in Russia.

Transaction

Purmo Group has signed an agreement to acquire 51% of the shares of a radiator factory owned by Bosch in Engels, Russia. Bosch will continue to own 49% of the factory. After the transaction, the factory will produce radiators for both owner companies, based on annually agreed volumes.

Completion of the transaction is subject to customary closing conditions such as merger control clearance from authorities in some countries.

HVG Law, EY Law Russia, EY Tax, EY Strategy & Transactions provided financial, operational, legal and tax due diligence as well as transaction legal advice services to Purmo Group. This transaction showcases global integration as well as teaming and cooperation across various service lines and various countries.

"We are delighted to advise Purmo Group on this transaction."

Mat­thijs Driedonks

matthijs.driedonks@hvglaw.nl +31 6 21 25 16 82