CMS advises Buildcom EOOD on acquisition of Argus in Romania

CMS has advised Buildcom EOOD on the acquisition of a controlling interest of shares (91.42%) in listed vegetable oil producer Argus S.A., and indirectly, of 95.36% shares Argus holds in Comcereal S.A. Tulcea, from Infinity Capital Investments. Argus S.A. is listed on the multilateral trading system AeRO managed by the Bucharest Stock Exchange. 

Buildcom EOOD is one of the top Bulgarian companies trading internationally with agricultural commodities.
Argus S.A. is one of the oldest vegetable oil producers in Romania, founded in 1943 in Constanta. Today, its main activity is the production and trade of crude and refined oils and fats. 

The CMS team provided comprehensive legal assistance to Buildcom EOOD from the beginning of the transaction. The team’s support covered all stages of the acquisition of the two companies (one of which is listed), including all capital markets aspects, legal and tax due diligence, transaction assistance, and regulatory filings. 

Rodica Manea, CMS Corporate Partner, comments: “We are delighted to have also supported Buildcom EOOD on this important transaction. It was a pleasure working alongside them at every step of the way to deliver a high impact deal. Exceptional teamwork across CMS helped us meet demanding deadlines and manage the transaction’s complexity and risks, achieving a successful completion.”

Cristina Reichmann, Partner and Head of Capital Markets, FIS, and Structured Finance at CMS Romania, adds: “CMS combined practical advice with strategic perspective and deep capital markets expertise, which proved critical in bringing this complex transaction to fruition. We would like to thank the client for their dedication and responsiveness, and our team for their hard work.” 

The CMS team was led by Rodica Manea (Corporate M&A), who coordinated the transaction and built on the already longstanding relationship with the client. 
Cristina Reichmann coordinated the capital markets legal aspects of the acquisition, with the support of Mircea Ciuta. The core transactional work was handled by Rares Crismaru (Corporate M&A), with Claudia Nagy and Vlad Dorneanu playing a key role on Competition and FDI Regulatory Filings, Andrei Tercu and Stefan Mitru on Tax matters, Aura Marina and Bianca Banateanu on Real Estate matters, and Elena Andrei on corporate matters. 
The team also included Cristina Popescu, Laura Capata, and Dragos Parvu (Competition); Andrei Cristescu, Tatiana Casapciuc, Simona Strava-Stoica, Oana Mina, and Octavian Teletin, as well as other members of the CMS Bucharest Commercial and Corporate M&A teams.