Kinstellar advises Liberty Steel on the acquisition of ArcelorMittal’s European assets
July 2019 – Kinstellar has advised UK steelmaker Liberty Steel on the Romanian and Czech law aspects of its EUR 740 million acquisition of ArcelorMittal’s European assets. The deal turns Liberty, part of London-based GFG Alliance, into one of the largest steelmakers globally.
Under the deal, Liberty has acquired seven steelmaking units and five service centres, which in total employ 14,000 people. The most important assets are the steel factories in Ostrava in the Czech Republic and Galaţi in Romania, as well as steel mills in Skopje (North Macedonia), Piombino (Italy), Dudelange (Luxembourg) and two factories near Liège (Belgium).
With a combined rolling capacity of over ten million tonnes per annum, these operations supply steel 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, in Romania, of Partners Răzvan Popa and Bogdan Bibicu, Counsel Zsuzsa Csiki, Senior Associates Mihai Coadă, Smaranda Văcaru, Ioana Naroşi, Oana Costache, Florina Toma, Stefaniţă Georgescu, Managing Associate Diana Rogozea, and Associates Mădălina Perţe, Flavia Petcu, Patricia Piticaş, Mădălina Anghenie, Răzvan Creţu, Mihaela Teodorici and Andreea Grigorie, while in the Czech Republic, it consisted of Partner Jan Juroška, Counsel Martina Březinová, and Associates Jakub Šťastný, Matěj Večeřa and Martina Mazůrková.
For more information please contact RăzvanPopa (Romania), at , and Jan Juroška (the Czech Republic), at .
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