CMS Advises Air Products on Joint Venture With ArcelorMittal

CMS Advises Air Products on Joint Venture With ArcelorMittal

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CMS has advised Air Products on the establishment of a joint venture with ArcelorMittal for the construction of a new air separation unit at the ArcelorMittal Kryvyi Rih steel plant in Ukraine. CMS has also advised the JV on securing a long-term loan of up to USD 81 million from the EBRD for the unit's design, construction, and operation.  

The total project cost is estimated at around USD 116 million. According to CMS, "Air Products is a world-leading industrial gases company with a current market capitalization of USD 65 billion ... The on-site air separation unit will employ state-of-the-art technology to produce industrial gases safely and reliably for ArcelorMittal's Kryvyi Rih steelworks and other customers in Ukraine and beyond."

CMS’s team included Managing Partner Graham Conlon, Partners Vitaliy Radchenko, Tetyana Dovgan, Natalia Kushniruk, and Olga Belyakova, Counsel Kateryna Chechulina, Senior Associates Louise Cakar, Mariana Saienko, and Mykola Heletiy, Associates Kateryna Korneliuk, Diana Pysarenko, Ihor Pavliukov, Maksym Morozov, Khrystyna Korpan, and Ivan Pshyk, and Lawyer Denys Hatseniuk.

CMS could not provide additional information on the matter.