July 15, 2019 11:47 
Filip & Company law firm represented ArcelorMittal in the sale of the former Sidex Galați steel mill to Liberty Steel, part of GFG Alliance, a global company held by Sanjeev Gupta.
Along with the Galaţi steel mill, the company also bought six steel plants and five service centres located on European territory. The total value of the transaction was EUR 740 million.
“Romania confirms its status as a very attractive market in the region and we expect the industrial sector to further attract important investors. We are glad that our team has participated in a new reference transaction for the Romanian mergers and acquisitions market and we thank our clients for their trust”, said Alexandru Bîrsan, partner and Head of Corporate and M&A at Filip & Company.
The Filip & Company team involved in this transaction was coordinated by Alexandru Bîrsan (partner) and included Olga Niță (counsel).
Filip & Company lawyers have extensive experience in any legal matter related to corporate law and mergers and acquisitions, as they played important roles in most of the key transactions of this kind in Romania. Whether it is about complex mergers and acquisitions (the takeover of Volksbank by Banca Transilvania, the exit of Țiriac Group from Unicredit Tiriac Bank’s shareholding), privatisations (Petrom, BCR, energy or gas distribution operators) or private equity transactions (CVC/Inbev), at least one of the parties received legal counsel from Filip & Company.
