Athens, 9 March 2021 - Karatzas & Partners advised SIDMA Steel, one of the leading Greek companies in the field of trading and industrial processing of steel products, in relation to a complex transaction involving the SIDMA’s share capital increase through the acquisition of assets and liabilities relating to the trading and industrial processing of steel products sector of BITROS STEEL SA, the restructuring of SIDMA’s total outstanding debt and the listing of the new shares in the Athens Exchange. The transaction also entailed a merger control clearance from the Hellenic Competition Commission (HCC), which was obtained unconditionally on July 21, 2020.
The disbursement of the new loan facilities in February 2021, marked the successful completion of a milestone transaction leading in the evolution of two historic companies into a solid and sound steel trading and processing business.