Hope Construction Materials sold to Breedon Aggregates for £336 million (US$510.7 million)
Clients Mittal Investments S.A.R.L.
Jones Day advised affiliates of Mittal Investments and Lebanon's Mikati family in relation to the sale of Hope Construction Materials Limited to Breedon Aggregates Limited for £336 million (US$510.7 million) in cash and shares, creating the UK's leading independent producer of cement, concrete, and aggregates. An affiliate of Mittal and Mikati will own 18.4 percent of Breedon Aggregates going forward.
In addition to M&A representation, Jones Day provided antitrust and private equity advice regarding this transaction.