Živković Samardžić has advised TITAN Cementara Kosjerić, the Serbian subsidiary of TITAN Cement Group, on merger with Stari Silo Company, its affiliated company for development of building projects. As a result of the merger, Stari Silo Company ceased to exist and became part of TITAN Cementara Kosjerić.
TITAN Cement Group is an international, cement and building materials producer aspiring to serve the needs of society, while contributing to sustainable growth with responsibility and integrity. The Group is operating cement plants in 10 countries (USA, Greece, Albania, Bulgaria, North Macedonia, Kosovo, Serbia, Egypt, Turkey and Brazil), with an annual capacity of 27 million metric tons of cement and cementitious materials, and has presence in more than 15 countries. The Group employs about 5,500 people worldwide. The Group’s business activities cover the production, transportation and distribution of cement, concrete, aggregates, fly ash, mortars and other building materials.
TITAN Cementara Kosjerić is part of TITAN Group and the newest cement plant in Serbia. It began its operations in 1976 and very quickly found its place in the market owing to the high quality of cement and professional attitude towards its clients. With the plant’s capacities, producing 750,000 tons of cement per year, TITAN Cementara Kosjerić supplies substantial portions of markets of Serbia and Montenegro.
Živković Samardžić acted as legal adviser to TITAN Cementara Kosjerić on all aspects of the deal, including structuring the transaction and drafting transactional documentation, as well as assisting with the preparation and execution of the closing process. The Živković Samardžić team that has advised TITAN Cementara Kosjerić on merger with Stari Silo Company was led by Partner Igor Živkovski.