Baker McKenzie Advises Metinvest B.V. on Strategic Acquisition of ArcelorMittal Iași in Romania

On 17 December 2025 Baker McKenzie Kyiv office's client Metinvest B.V. announced the strategic acquisition from ArcelorMittal Tubular Products Holding B.V. of a majority shareholding in ArcelorMittal Iași, Romania. This landmark transaction represents a significant milestone in Metinvest's ongoing regional expansion and reinforces the company's commitment to strengthening its footprint across Central and Eastern Europe.

The cross-border transaction required seamless collaboration across multiple jurisdictions and legal disciplines. Baker McKenzie Ukraine, acting as lead transactional counsel and working closely with Romanian legal counsel Nestor Nestor Diculescu Kingston Petersen (NNDKP), provided legal support throughout all stages of the acquisition, including due diligence, structuring, negotiation, execution and completion of the transaction.

Oleksandr Kulykovskyi, Head of Legal for M&A and Strategic Contracts at Metinvest Group, commented:

"We are grateful to Baker McKenzie Ukraine for their unwavering professionalism, deep expertise, and collaborative approach throughout this complex transaction. Their ability to navigate the intricacies of cross-border M&A and coordinate efficiently with our internal and external teams was instrumental in bringing this deal to a successful close. This acquisition marks a new chapter for Metinvest, and we appreciate Baker McKenzie's commitment to supporting our strategic ambitions in the region."

Andrii Moskalyk, Partner and Project Team Lead at Baker McKenzie Ukraine, added:

"We are honored to have supported Metinvest in this transaction, which not only demonstrates our firm's ability to deliver on complex, cross-border M&A projects, but also highlights the strength of our integrated, multi-jurisdictional teams. This acquisition is a testament to Metinvest's strategic vision and our goal to help clients achieve their growth ambitions in key markets."

Led by Kyiv Corporate and M&A Partner Andrii Moskalyk, who focused on the project structuring and negotiations on English law, the cross-border Baker McKenzie team included:

• Robert Gray, Partner, London - transaction structuring on English law matters
• Oleksandr Savvi, Associate, Kyiv - legal support and coordination of project work streams
• Hanna Smyrnova, Senior Associate, Kyiv - regulatory and finance matters
• Catherine Martougin, Partner, and Corina Morosanu, Associate, both Luxembourg - finance and contractual matters under Luxembourg law
• David Courchia, Senior Associate, Paris - finance matters under French law

On the client side, the transaction was led by Oleksandr Kulykovskyi, Head of Legal for M&A and Strategic Contracts at Metinvest Group, supported by Yana Babych, Counsel for M&A. The regulatory approvals workstream was led by Dmytro Galchynskyi, Head of Legal Affairs - Competition Law & Intellectual Property at Metinvest Group, with support from Serhii Melnychuk, Counsel for Competition Law & Intellectual Property.

NNDKP's core team advising on the transaction included Răzvan Vlad, Partner, Vlad Anghel, Managing Associate, and Daria Anghel, Associate, from the Corporate/M&A practice.

About Metinvest Group

Metinvest is an international, vertically integrated mining and metals company. The Group comprises mining and metallurgical assets in Ukraine, Europe and the US, complemented by a global sales network. Metinvest manages the complete production chain, from extracting iron ore and coal to manufacturing semi-finished and finished steel products. With assets close to key railway lines and ports, Metinvest can supply raw materials and steel products anywhere in the world. https://metinvestholding.com/

About ArcelorMittal Iași

ArcelorMittal Iași, a key part of ArcelorMittal Tubular Products, produces welded structural pipes for the construction, engineering, infrastructure, and agricultural sectors. Its maximum production capacity is 240,000 tons a year. https://tubular.arcelormittal.com/