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CMS Advises Air Products on Joint Venture With ArcelorMittal

CMS Advises Air Products on Joint Venture With ArcelorMittal

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CMS has advised Air Products on the establishment of a joint venture with ArcelorMittal for the construction of a new air separation unit at the ArcelorMittal Kryvyi Rih steel plant in Ukraine. CMS has also advised the JV on securing a long-term loan of up to USD 81 million from the EBRD for the unit's design, construction, and operation.  

The total project cost is estimated at around USD 116 million. According to CMS, "Air Products is a world-leading industrial gases company with a current market capitalization of USD 65 billion ... The on-site air separation unit will employ state-of-the-art technology to produce industrial gases safely and reliably for ArcelorMittal's Kryvyi Rih steelworks and other customers in Ukraine and beyond."

CMS’s team included Managing Partner Graham Conlon, Partners Vitaliy Radchenko, Tetyana Dovgan, Natalia Kushniruk, and Olga Belyakova, Counsel Kateryna Chechulina, Senior Associates Louise Cakar, Mariana Saienko, and Mykola Heletiy, Associates Kateryna Korneliuk, Diana Pysarenko, Ihor Pavliukov, Maksym Morozov, Khrystyna Korpan, and Ivan Pshyk, and Lawyer Denys Hatseniuk.

CMS could not provide additional information on the matter.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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