Linklaters advises Metinvest on the Piombino green steel production plant

Linklaters has advised, leading steel and mining group Metinvest on the entry into a shareholders agreement with Danieli, a global producer of plant and machinery for the metals industry for the construction of a state-of-the-art steel facility in Piombino, Italy, which is poised to become one of the world's most advanced green steel production facilities.

The shareholders’ agreement between the parties was signed on 19 February 19 and the transaction is expected to close by the latter half of 2025.

Metinvest Adria will be responsible for the development and operation of the eco-friendly steel rolling plant. Situated in Piombino, Tuscany (Province of Livorno), this plant is set to be instrumental in modernizing and enhancing steel production within the region. It will employ electric arc furnace technology and use recycled materials such as scrap, pig iron, and direct reduced iron, partially sourced from Metinvest’s Ukrainian operations. The project will have an annual production capacity of 2.7 million tonnes. The construction of the plant will be financed primarily through funds raised from international financial and credit institutions, along with the shareholders’ own capital.

The Metinvest Adria project aims to serve as a blueprint for future modernizations at Metinvest’s steel manufacturing sites in Ukraine.

The transaction was led by Piotr Zbyszyński (managing associate) and Dan Cousens (partner) supported by Michał Szperzyński (managing associate) and Zuzanna Oldfield (associate).

The core team comprised also Wojciech Podlasin (managing associate), Filip Stawicki (managing associate), and Yuliia Stepanyk (associate) from the Warsaw antitrust and foreign investments practice.