Mayer Brown advises ArcelorMittal on formation of joint venture to acquire ThyssenKrupp steel processing facility
4 December 2013
Mayer Brown acted as special counsel to ArcelorMittal (AM) with respect to its agreement with Nippon Steel & Sumitomo Metal Corporation (NSSMC) to form a joint venture at the closing of their $1.55 billion purchase of a steel processing facility in Alabama from ThyssenKrupp AG. At closing, the joint venture will be formed and owned 50% by each of AM and NSSMC.
The Chicago-based Mayer Brown team was led by Corporate & Securities partner John Sagan and included: Banking & Finance – partner Rob Baptista; and Corporate & Securities – associates Jason Wagenmaker and Michael Weigel.