Sofia, 26 June 2023 – Wolf Theiss advised Astorg as local counsel to Ropes & Gray on the separation of the leading price-reporting agency Fastmarkets from Delinian, formerly Euromoney.
Wolf Theiss Sofia acted as local counsel to Ropes & Gray, representing Astorg on the planned demerger of Fastmarkets from Delinian, formerly known as Euromoney Institutional Investor plc. As part of the transaction, Fastmarkets is now backed by private firm, Astorg.
Fastmarkets is a global price reporting agency – with 500 employees spread across the UK, US, China, Singapore, Brazil, Belgium, and Finland – serving the metals, mining, forest products, energy transition and agriculture markets with over 10,000 customers globally.
The demerger will enable Fastmarkets to pursue a tailored strategy as an independent business led by CEO Raju Daswani and a dedicated management team. Fastmarkets will seek to continue organic and inorganic growth through the development of the business, targeting operational improvements and making strategic acquisitions.
The Wolf Theiss Sofia team was led by Partner Richard Clegg, with Counsel Hristina Dzhevlekova (Employment), and Senior Associates Staniella Todorova (Corporate/M&A) and Yanitsa Radeva (Corporate & Tax).