DLA Piper

DLA Piper has advised China International Marine Containers (CIMC), one of the largest container manufacturers in the world, on its acquisition of Netherlands-based Burg Industries BV, a fast-growing and leading supplier of road transport equipment and special static tanks. The ¡è108 million (US$148 million) acquisition provides CIMC with an 80% stake in Burg Industries. As well as structuring, documenting and negotiating all aspects of the deal, DLA Piper provided advice on European Union competition law, which included restructuring the acquisition after the European Commission objected on competition grounds to the original acquisition in February 2006.

Burg's products include road transport equipment and special static tanks, and are well established in international markets, particularly in Europe. Through the acquisition, CIMC, which is listed on the Shenzhen Stock Exchange, is expected to broaden its product line and global presence, as well as benefit from research and product development and production facilities.