Eversheds Sutherland Advises GLGH Steel on Definitive Agreement to Sell 100% of the Share Capital of Artrom Steel Tubes S.A. to Tenaris S.A.
2026. gada 08. maijs
Eversheds Sutherland Advises GLGH Steel on Definitive Agreement to Sell 100% of the Share Capital of Artrom Steel Tubes S.A. to Tenaris S.A.2026. gada 08. maijs Chicago, IL | Eversheds Sutherland is pleased to have advised GLGH Steel LLC on entering into a definitive agreement to sell to Tenaris S.A. 100% of the share capital of Artrom Steel Tubes S.A., for an aggregate purchase price of EUR 86 million, on a cash-free and debt-free basis, including a normalized level of working capital. The transaction highlights Great Lakes Global Partners' ability to navigate policy and regulatory challenges to extract value. Artrom Steel Tubes S.A. is a Romanian manufacturer of steel and seamless steel pipes, with annual steelmaking capacity of approximately 450,000 metric tons at its facility in Reșița, and seamless pipe rolling capacity of up to 200,000 metric tons at its Slatina facility. GLGH Steel extends its appreciation to the Government of Romania in facilitating this high-profile transaction between foreign direct investors, and to Eversheds Sutherland for the seamless cross-border M&A execution demonstrated by, inter alia, its Chicago, Washington DC, Paris and Bucharest offices. The transaction is subject to customary regulatory conditions, including clearance from the European Union competition authorities and Romanian government approvals. Closing is expected to occur during the fourth quarter of 2026. Led by US-based Partner Ted Cominos (Cross-border M&A, Chicago) and Partner Cristina Audran-Proca (Cross-border M&A, Paris), the core multi-jurisdictional team comprised: Partner Josh Shapiro (Antitrust, Washington, DC), Managing Partner Mihai Guia (Head of Central Eastern Europe Group, Bucharest), Partner Alexandra Sulea (Corporate M&A, Bucharest), Senior Partner Cristian Lina (Corporate, Bucharest), Partner Elena Teletin (Tax, Bucharest) and Associates Daniela Stanica (Corporate, Bucharest), Mathew Naughton (Corporate, Chicago), Hani Majeed (Corporate, Chicago), and Evan Johnson (Corporate, Chicago). Jaunākais ziņas
Jaunākais Jaunumi
Jaunākais Pasākumi un apmācības
guides and reports 2026. gada 10. septembris EU Cyber Resilience Act: Single Reporting Platform Goes Live legal updates 2026. gada 10. septembris Hong Kong: PCPD issues further guidance on best practices in the use of age... legal updates 2026. gada 10. septembris Global Life Sciences & Healthcare Bulletin legal updates 2026. gada 09. septembris EU Sustainability Omnibus Package: key changes and implications for busines... biroja jaunumi 2026. gada 26. augusts Eversheds Sutherland strengthens top-ranked pensions practice with appointm... klientu jaunumi 2026. gada 13. augusts Eversheds Sutherland advises H.I.G. Capital on investment in Phoenix ME klientu jaunumi 2026. gada 13. augusts Eversheds Sutherland reappointed to the UK's Government Commercial Agency l... biroja jaunumi 2026. gada 12. augusts William A. Nelson, Former Investment Adviser Association Policy Leader, Joi... in-person Basic foundations of US employment law 2026. gada 17. septembris 9.30am - 4.30pm (GMT) Londona, Apvienotā Karaliste in-person 2026 BDC Roundtable 2026. gada 23. septembris Washington DC, Amerikas Savienotās Valstis virtual Employment law in the Kingdom of Saudi Arabia 2026. gada 29. septembris 9.30am - 12.30pm (BST) Virtual in-person Labor relations conference - turning legal change into workplace reality 2026. gada 08. oktobris 10.00am - 4.00pm (BST) Londona, Apvienotā Karaliste |