Clifford Chance advises GROHE on the full ownership of Grome
Clifford Chance advised GROHE AG on the acquisition of the remaining 50 percent stake in the Joint Venture Grome Marketing (Cyprus) Limited from Mesma Holdings Ltd.. Until then both companies had held half the stake in Grome each. With this acquisition, GROHE takes full ownership and control of Grome. Grome was formed in 1983 by Juergen Lorenz as an exclusive agency for GROHE products covering the Middle East, the East Mediterranean and North and West Africa. In 1993, GROHE acquired 50% of Grome.