Severstal has acquired 16% of Severstal Distribution from Felix Holding. Financial details have not been disclosed.
Severstal Distributions is a key player in the Baltic region and successfully exports steel products to the European Union. The company operates as a stockholder, runs its own steel service center and produces thin-wall welded tubes.
Severstal is one of the world’s leading vertically integrated steel and steel related mining companies, with assets in Russia, Latvia, Ukraine, Poland, Italy and Liberia with approximately 52,000 employees.
Oaklins' team in Latvia advised the minority shareholders of the leading Latvian steel production and retailing company in the sale of their shares to the majority strategic owner.
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