The Salzgitter Group has sold its 23% participating share in Borusan Mannesmann Boru Yatirim Holding A.S., Turkey, to the co-owner Borusan. The buyer Borusan ranks as one of the leading international steel tube manufacturers. The company maintains locations in Turkey, Italy, Romania and the USA.
Already in April 2023, Borusan had acquired the company Berg Pipe (USA) from EUROPIPE GmbH, in which Salzgitter Mannesmann GmbH and AG der Dillinger Hüttenwerke each hold 50% of the shares.
As in April of this year, Hengeler Mueller has comprehensively advised Salzgitter AG on this transaction. Paksoy (Istanbul, Türkiye) advised on Turkish law.
Hengeler Mueller team for Salzgitter AG
M&A: Simon Patrick Link (partner, Munich), Alexander Bekier (counsel, Berlin, both lead),
Antitrust: Sarah Milde (partner), Caroline Beyersdorf (associate, both Munich),
FDI: Jan D. Bonhage (partner), Tassilo Keiber (associate, both Berlin),
IP: Andrea Schlaffge (counsel, Dusseldorf),
Tax: Tobias Schwab (associate, Munich).
Inhouse, Salzgitter AG is represented legally in the transaction by Nicolaus Ehinger, Head of Legal, Compliance & Insurance.
