Mitrani Caballero assists Tenaris in sale of Geneva LLC for $24.1m
Mitrani, Caballero & Ruiz Moreno has advised Tenaris on the sale of its 100% stake in Geneva LLC for 24.1 million dollars
Mitrani, Caballero & Ruiz Moreno Abogados has assisted Tenaris in its agreement, signed on 13 October, with MMK USA Inc, a subsidiary of Japanese steel manufacturer Maruichi Steel Tube Ltd, for the sale of Tenaris’s 100% stake in Geneva Structural Tubes LLC.
The transaction was closed on 1 November 2021, for a total price of $24.1 million US dollars, subject to a post-closing adjustment based on Geneva LLC’s accounts on the closing date. Pillsbury Winthrop Shaw Pittman LLP acted as advisor to Maruichi.
Geneva LLC manufactures and sells square and rectangular welded steel pipe for structural applications from its plant located in Geneva, Nebraska.
Pillsbury Winthrop Shaw Pittman LLP’s team consisted of partner Shinya Akiyama, special counsel Brian McKenna and foreign paralegals Hiroto Nakajima and Keisuke Hayashi.
Mitrani Caballero’s team was led by partner Juan Ignacio Soma (pictured left), with support from associate Giada Treve (pictured right).
