Buren has advised its long lasting client Macsteel Global S.à.r.l. B.V., part of the Macsteel Group (‘Macsteel’) on the acquisition of a 50% interest in the joint venture company Macsteel International Holdings B.V.
Macsteel has purchased the shares for $ 220 million from a subsidiary of the South African steel concern ArcelorMittal SA Ltd, its former joint venture partner. As a consequence of the acquisition, Macsteel has acquired an 100% interest in Macsteel International Holdings B.V.
Macsteel International Holdings B.V., through its subsidiaries, engages in the trading of steel globally and has developed a global shipping and logisitics division. The company was founded in 1997 and is based in Amsterdam, the Netherlands. It has locations worldwide and is a respected international service provider in the steel and maritime industry, linking producers and consumers of steel and other commodities, by providing efficient and reliable communication and supply lines via marketing, shipping, logistics and finance.
Buren has advised Macsteel on the Dutch legal aspects of this transaction and advised and assisted on implementing various transactional aspects and formalization of the share transaction.
To read the press release published by ArcelorMittal, please click here
More about the deal in the media:
For the article published on steelguru.com, click here
For the article (in Dutch) on the website of the newspaper ‘De Telegraaf’ please click here
For the article (in Dutch) published on the website beurs.nl, click here
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