McDermott Represents Outokumpu Oyj in €228 Million Majority Divestment of its Long Products Business Operations to Marcegaglia Steel Group
International law firm McDermott Will & Emery represented Outokumpu Oyj, a global stainless steel manufacturer headquartered in Finland, in the divestment of a majority of its Long Products business operations to Marcegaglia Steel Group, a leading industrial group worldwide in the steel processing sector, for €228 million. McDermott was the US local counsel in this transaction.
The transaction includes Long Products’ melting, rod and bar operations in Sheffield, UK (Outokumpu Long Products Limited); wire rod mill in Fagersta, Sweden (Fagersta Stainless AB); and bar operations in Richburg, US (Outokumpu Stainless Bar, LLC).
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