Shearman And Sterling

News January 09, 2014

Shearman & Sterling Advises Lafarge in Sale of Quarries and Related Assets to Bluegrass Materials

Shearman & Sterling is advising Lafarge in its sale of five aggregates quarries and related assets in Maryland (USA) to Bluegrass Materials for a total enterprise value of $320 million (equivalent to €235 million).

Lafarge is a world leader in building materials, employing 65,000 people in 64 countries. The company posted sales of €15.8 billion in 2012.

The Shearman & Sterling team includes partners Clare O'Brien (New York-Mergers & Acquisitions), John Cannon (New York-Compensation, Governance & ERISA), Jessica Delbaum (New York-Antitrust) and Kristen Garry (Washington, DC-Tax); counsel Sean Skiffington (Toronto-Mergers & Acquisitions) and Jason Pratt (New York-Environmental); and associates Raleigh Morgan (New York-Mergers & Acquisitions), Nader Dabbo (New York-Mergers & Acquisitions), Kelly Karapetyan (New York-Antitrust), Hee Jae Park (New York-Real Estate), Laura Mulry (New York-Environmental), Mary Jo Lang (Washington, DC-Tax) and Kerry Loree (New York- Compensation, Governance & ERISA).