Kinstellar has advised British steel-maker Liberty Steel on Romanian and Czech law aspects of its EUR 740 million acquisition of ArcelorMittal's European assets.
Liberty acquired seven steelmaking units and five service centers from ArcelorMittal, including the steel factories in Ostrava in the Czech Republic and Galati in Romania, steel mills in Skopje, North Macedonia, Piombino, Italy, and Dudelange, Luxembourg, and two factories near Liege, Belgium.
According to Kinstellar, "with a combined rolling capacity of over ten million tonnes per year, these operations supply steel expect to multiple sectors across Europe’s industrial heartlands, including construction and infrastructure products, automotive, aerospace, energy, and industrial equipment, consumer products, and yellow goods."
The Kinstellar team consisted of Partners Razvan Popa and Bogdan Bibicu, Counsel Zsuzsa Csiki, Senior Associates Mihai Coada, Smaranda Vacaru, Ioana Narosi, Oana Costache, Florina Toma, Stefanita Georgescu, Managing Associate Diana Rogozea, and Associates Madalina Perte, Flavia Petcu, Patricia Piticaa, Madalina Anghenie, Razvan Cretu, Mihaela Teodorici, and Andreea Grigorie, all in Romania. The team in the Czech Republic consisted of Partner Jan Juroska, Counsel Martina Brezinova, and Associates Jakub Stastny, Matej Vecera, and Martina Mazurkova.
Kinstellar did not reply to our inquiries about the deal.