DuluxGroup confirms Jub acquisition plan

DuluxGroup, an Australian paints group owned by Nippon Paint of Japan, has confirmed entering into a binding agreement to acquire Jub, a large Slovenian paints company, in a deal worth EUR 194.5 million.

Dulux plans to turn Jub into a hub for Central and Eastern Europe, preserve its existing brands, and make it part of Nippon Paint’s R&D community.

It is stated that Nippon Group plans to “build a bridgehead” for decorative paints and external thermal insulation systems in Central and Eastern European Markets. The transaction involves the purchase of 99.8% of Jub Group, which includes a vehicle owned by former and current managers and employees who owns Jub, and the actual company Jub.

JPM team, lead by Senior Partner Jelena Gazivoda and Partner Jelena Stanković Lukić, together with Partners Ivan Petrović, Jelena Nikolić, Ivan Milošević, and Aleksandar Popović and Senior Associates Bojana Javorić, Anja Šakan, Andrea Cvetanović, Janez Vončina, and Marko Mrdja, successfully participated in the process of acquisition of the JUB Serbian subsidiary.

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