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CMS Advises Agir on Acquisition of Sidma Romania

CMS Advises Agir on Acquisition of Sidma Romania

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CMS has advised Agir Global on the acquisition of Steel Service Center Sidma Romania.

The transaction remains contingent on regulatory approval.

Agir Global is a Turkish steelmaker mainly active in the flat steel segment of the industry. It operates a rolling mill and steel service center in Turkiye, producing a wide range of flat steel products, teardrop, and diamond sheets.

Steel Service Center Sidma Romania is a subsidiary of Greek-based Sidma Group which operates in the field of trading and industrial processing of steel products.

According to CMS, "the acquisition marks Agir Global’s first step into the European steel market and is part of the company’s broader strategy to gain access to the key global steel markets."

The CMS team included Managing Partner Horea Popescu, Counsel Claudia Nagy, Senior Associate Elena Andrei, and Associates Rares Crismaru and Oana Chivu.

CMS did not respond to our inquiry on the matter.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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