Tenaris’ Joint Venture with Inner Mongolia BaoTou Steel Union

Allen & Overy and Mitrani Caballero & Ruiz Moreno advised on the transaction

Tenaris formed a joint venture with Inner Mongolia Baotou Steel Union Co., Ltd. to build a steel pipe premium connection threading plant to produce OCTG products in Baotou, China. Under the agreement, Tenaris will own 60% of shares in the new joint-venture company, while Inner Mongolia Baotou Steel will hold the remaining 40%.

The new plant will cover an area of approximately 30,000 square meters. It will take between 12 and 18 months to construct; the target date for starting production is in the fourth quarter of 2021.

Allen & Overy advised Tenaris Global Services Far East Pte Ltd. with Victor Ho (Picture), Francois Renard, Richard Qiang, Jiaming Zhang, Chaohui Liang, Liam Li, Emmy Li, Arwen Zhang and Rui Wang.

Mitrani Caballero & Ruiz Moreno advised Tenaris Global Services Far East Pte Ltd. with Diego Minerva and Juan Ignacio Soma.

Involved fees earner: Victor Ho – Allen & Overy; Liam Li – Allen & Overy; Emmy Li – Allen & Overy; Chaohui Liang – Allen & Overy; Richard Qiang – Allen & Overy; François Renard – Allen & Overy; Jiaming Zhang – Allen & Overy; Diego Minerva – Mitrani Caballero & Ruiz Moreno; Juan Ignacio Soma – Mitrani Caballero & Ruiz Moreno;

Law Firms: Allen & Overy; Mitrani Caballero & Ruiz Moreno;

Clients: Tenaris;

Author: Michael Patrini