Cuatrecasas acts for Arcelormittal on €2.8bn share listing

Cuatrecasas, Gonçalves Pereira acted for steel manufacturing corporation Arcelormittal on a €2.8 billion share listing.

The firm advised on non-statutory preferential subscription rights, and on listing the subscription rights of 1.26 billion new shares on the Spanish stock exchange. The new share price was set at €2.20.

A Cuatrecasas statement said the offer was “carried out through a passport system of issuing new shares on the Spanish stock exchange and required coordinating the transaction process in the company’s different jurisdictions: Amsterdam, Luxemburg, New York and Paris”.

The Cuatrecasas team comprised partners Pere Kirchner and Javier Rodríguez, as well as associates Roger Freixes, Teresa Sala and Diego Arribas.