Etex N.V. (ENXTBR:094124453) agreed to acquire URSA Insulation, S.A. from Xella International GmbH on January 11, 2022. This latest acquisition is subject to customary closing conditions. J.P. Morgan Espana S.A. acted as the sole financial advisor while Freshfields Bruckhaus Deringer LLP acted as the legal advisor to Etex N.V. Allen & Overy LLP acted as legal advisor to Etex N.V. in the transaction.

Etex N.V. (ENXTBR:094124453) acquired URSA Insulation, S.A. from Xella International GmbH for €680 million at the end of May, 2022. The transaction has received the approval of relevant authorities and includes 13 production sites.