ADVANT Altana, together with ADVANT Nctm and ADVANT Beiten, has advised Cogne Acciai Speciali (CAS) on the acquisition of Mannesmann Stainless Tubes from Salzgitter.

This acquisition will enable Cogne Acciai Speciali, a 70% owned subsidiary of the Taiwanese Waslin Group based in Italy, to consolidate its position in Europe. Mannesmann Stainless Tubes GmbH employs nearly 1,000 people in its subsidiaries and plants in Germany, France, Italy and the United States.

The transaction is subject to the approval of the competition authorities.

Cogne Acciai Speciali was advised on this transaction by a cross-border team consisting of ADVANT Altana, ADVANT Nctm and ADVANT Beiten.

ADVANT Altana advised CAS on the French corporate M&A aspects with Bruno Nogueiro (partner), Arthur Boutemy (counsel) and Théodore Sabot. The ADVANT Altana team also included Marie Hindré (partner) and Delphine Laget on competition and economic law; Mickaël d’Allende (partner), Alexandre Véran and Anissa Froz on employment law; Cécile Ferouelle (partner) and Victor Pouget on real estate and planning; and Jean Guy de Ruffray (partner) and Etienne Nicolet on intellectual property.