Roschier advises Outokumpu in the divestment of the majority of its Long Products business
Outokumpu has signed an agreement to divest the majority of the Long Products business operations to Marcegaglia Steel Group, a leading industrial group worldwide in the steel processing sector. Roschier represents Outokumpu in the transaction.
The total consideration on a debt and cash free basis amounts to EUR 228 million.
Outokumpu expects to complete the divestment by the end of this year. The completion of the transaction is subject to customary closing conditions and regulatory approvals by the competition authorities and requires for instance internal structuring before completion. The transaction will be carried out as a share sale.