Practice Areas - Corporate and M&A Law Firms and Lawyers
Deal Date: | 20-11-2013 | Practice Area: | Corporate and M&A |
Deal Title: | GraceB Takeover Offer for Joyou | Industry: | Construction & Materials |
Description: |
Ashurst advises Joyou AG on the voluntary public takeover offer of GraceB S.a r.L. (GraceB) for Joyou-shares. Joyou is a subsidiary of the Grohe Group listed on the regulated market of the Frankfurt Stock Exchange. GraceB is a Luxembourg-based subsidiary of the Japanese building material and construction technology company Lixil. The takeover offer is related to the acquisition of the Grohe Group by GraceB which took place in September.
Ashurst advises with partner Matthias von Oppen, counsel Peter Holst (lead), associate Joanna Wilzcynska-Gluch and the Chinese lawyer Yue Qi (all Corporate, Frankfurt).
Joyou AG is a leading bathroom solutions provider in China. Joyou designs, produces and sells products mainly in China under its brand name Joyou and is also engaged as provider for international brands, wholesalers and trading companies in the US, Europe and in several emerging countries. Joyou AG's main shareholder is the Grohe group owning 72,3 per cent of the company's shares. The remaining shares are free float.
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Financial Center: | Frankfurt | Value: | 0.00-0.00 |
Advised Party: | Target Company | Law Firm | Ashurst |
Target Company Jurisdiction: | Germany,China | Acquiror Jurisdiction: | Germany |
Classification: |
Strategic Buyer Acquisitions Public Company - Recommended Offer |
Lawyer | Matthias von Oppen |