Avance advises Rettig Group in the divestment of Nordkalk Corporation, one of the leading limestone players focused on sustainable solutions, to SigmaRoc Plc.
The transaction value is EUR 500 million on a cash- and debt-free basis. SigmaRoc is a UK-based construction materials group listed on the Alternative Investment Market of the London Stock Exchange.
The transaction is conditional upon customary approvals from competition authorities.