KWM advises HeidelbergCement on agreement to control Cement Australia

King & Wood Mallesons (KWM) has advised HeidelbergCement on its agreement with Holcim to enter into a 50/50 joint venture to control Cement Australia.

Under the deal, the companies will balance their interests in the company, with HeidelbergCement buying an additional 25 per cent stake in Cement Australia from Holcim via its subsidiary Hanson Australia.

The transaction has been approved by the ACCC and Foreign Investment Review Board.

The King & Wood Mallesons team was led by M&A partner Adrian Perkins.