Announced

Completed

Marcegaglia completed the acquisition of the Latvian unit of Severstal.

Synopsis

Marcegaglia, an Italian industrial group, completed the acquisition of the Latvian unit of Severstal, a steel company. Financial terms were not disclosed. Funds for the purchase have not been paid to Severstal but instead transferred into an escrow account where they will remain frozen as long as EU sanctions against the Kremlin remain in place.

Show Details & Financials

Did you work on this deal?

Claim Deal

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Claim Deal

All rights reserved. Copyright © 2025 Datasite

MergerLinks - Marcegaglia completed the acquisition of the Latvian unit of Severstal.