DLA Piper advises Heidelberg on 39.72% stake acquisition in Akçansa Çimento
DLA Piper has advised Heidelberg Materials on the acquisition of Sabancı Holding’s 39.72% stake in Akçansa Çimento for USD 427.9 million, bringing Heidelberg’s total shareholding in the Turkish cement producer from 39.72% to 79.44%. Heidelberg is currently assessing whether a mandatory tender offer to the remaining shareholders of Akçansa is required.
The parties
Akçansa is a cement and building materials company listed on Borsa Istanbul, operating three cement plants, 26 ready-mixed concrete plants, five aggregate quarries, and five cement terminals across five seaports.
Heidelberg Materials is an integrated manufacturer of heavy building materials and solutions, employing around 49,000 people in almost 50 countries, with positions in cement, aggregates, and ready-mixed concrete.
Legal teams
The cross-practice DLA Piper team was led by partner Christoph Dachner (pictured), supported by associate Lukas Reitebuch (both corporate). Partner Semin O and senior associate Julia Goetzendorff (both litigation & regulatory) advised on the antitrust and regulatory aspects of the transaction. Client relationship partner Benjamin Parameswaran was also involved in the mandate.
In Türkiye, DLA Piper worked alongside Akol Law, with the local team led by corporate partners Duygu Gültekin and Meltem Akol.
The Heidelberg Materials in-house legal team was led by Inken Linder and included general counsel Roland Sterr, Natalya Seyalova, Norbert Boese, and Julia Jung.
