Need for merger control approval in acquisition of additives company: Olaechea provided guidance to Saint Gobain in the prior analysis on how to meet all the parameters and requirements to exclude the possibility of needing merger control approval for the acquiring for 100% of the shares of a Peruvian additives company.
Assessing competition authority notification requirements: Our evaluation assessed whether, based on the size of the transaction and economic agents involved, this transaction should have been notified in advance to the competition authority, or it could raise concerns that might prompt an investigation by such authority.
Global leader in solutions for construction and industry: Saint-Gobain Peru is a subsidiary of Saint-Gobain, a multinational company headquartered in France and a global leader in solutions for construction and industry. Saint-Gobain has a presence in 70 countries and more than 180,000 employees. In Peru, Saint-Gobain has been operating for 20 years and has 6 production plants, 6 distribution centres, and 3 commercial and administrative offices.
Latest development: We provided our client with the necessary scope to safely continue the transaction as it turned out that prior notification was not required.
