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Clifford Chance and Ciftci Advise China Baowu Group on Antitrust and FDI Filings for Sinosteel Group Acquisition

Clifford Chance and Ciftci Advise China Baowu Group on Antitrust and FDI Filings for Sinosteel Group Acquisition

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Clifford Chance and its Turkish affiliate Ciftci Attorney Partnership have advised the China Baowu Steel Group Corporation Limited on the global merger control and foreign investment filings for its full acquisition of the Sinosteel Group Corporation Ltd.

According to Clifford Chance, the China Baowu Steel Group, a state-owned iron and steel company headquartered in Shanghai, is the largest iron and steel company globally.

Sinosteel is a state-owned enterprise engaged in developing and processing metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture.

The Ciftci Attorney Partnership team included Partner Itir Ciftci, Senior Associate Sabri Kaya, and Associate Orhun Koray Ozbek.

The Clifford Chance team was led by Beijing-based Partner Yong Bai and included lawyers from the firm's offices in Beijing, Sydney, Tokyo, and Duesseldorf.

The firms did not respond to our inquiry on the matter.

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