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Mapei acquires Bitumat

January 2024

Client(s) Mapei S.p.A.

Jones Day advised Mapei, a multinational group leader in the manufacture of chemical products for the building industry, in its acquisition of Bitumat, a leading company in the manufacture and marketing of waterproofing systems based Saudi Arabia, with operations across the GCC. Mapei is taking over Bitumat from Gulf Investment Corporation, an investment company owned equally by the governments of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. As a result of this acquisition, Mapei will extend its international footprint and now operates globally through 102 subsidiaries across 57 countries employing over 12,000 staff.

This cross-border deal, which included managing all transaction aspects across multiple jurisdictions, was structured as a purchase of the entire share capital of Bitumat, and completed on 31 January 2024.

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