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TAKEOVER OF THE THIRD-LARGEST BUILDING CONTRACTOR IN BELGIUM BY THE SECOND-LARGEST

THE PROBLEM

What happens when the second-largest contractor in a specific sector in Belgium wants to take over the third-largest in the same sector? Parties that compete with each other on a daily basis are generally not too happy to sit down and negotiate a takeover with each other, let alone allow each other to inspect their books and activities. Astrea was given this delicate assignment when the acquirer contacted them to provide legal assistance for the takeover.

THE SOLUTION

The solution was to build a sense of trust as quickly as possible between Astrea’s own client and the ‘opposing party’. Thanks to Astrea’s intervention, the trust created through the negotiations conducted both in Belgium and abroad, and the eventual willingness of all parties to reach an agreement, the parties were ultimately successful in bringing about an integration of the two contractors. This integration process was closely monitored by others in the sector, and was, in the end, unanimously declared to be a success.

THE PROBLEM

What happens when the second-largest contractor in a specific sector in Belgium wants to take over the third-largest in the same sector? Parties that compete with each other on a daily basis are generally not too happy to sit down and negotiate a takeover with each other, let alone allow each other to inspect their books and activities. Astrea was given this delicate assignment when the acquirer contacted them to provide legal assistance for the takeover.

THE SOLUTION

The solution was to build a sense of trust as quickly as possible between Astrea’s own client and the ‘opposing party’. Thanks to Astrea’s intervention, the trust created through the negotiations conducted both in Belgium and abroad, and the eventual willingness of all parties to reach an agreement, the parties were ultimately successful in bringing about an integration of the two contractors. This integration process was closely monitored by others in the sector, and was, in the end, unanimously declared to be a success.