Italy based LU-VE S.p.A has signed a binding agreement to acquire 95% shares of Spirotech Heat Exchanges, an Indian company manufacturing and selling heat exchanger coils..The acquisition, which is worth about €31.92 million for 95% of the shares, will be undertaken by through LU-VE India..BMR Legal, acted as domestic counsels for LU-VE with a team lead by Partner Amit Khansaheb along with Principal Associate Nikhil Sachdeva, Senior Associate Rahul Chugh and Associate Mayank Malhotra..Studio Biscozzi Nobili, acted as international counsels for LU-VE with a team led by Partner Giancarlo Cortese and Associate Cristiana Visco..J. Sagar Associates acted for Spirotech, with a team including Partner Manvinder Singh and Associate Upasana Gupta..Zeus Law, acted for one of the selling shareholders..LU-VE is one of the main European producers of heat exchangers and components for commercial and industrial refrigeration..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
