13 Oct 2024

ZH advises the Holding Company for Metallurgical Industries and Delta Steel Mills in assigning a private operator to a steel plant

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  • ZH advises the Holding Company for Metallurgical Industries and Delta Steel Mills in assigning a private operator to a steel plant

We are pleased to have advised the Holding Company for Metallurgical Industries and its affiliate Delta Steel Mills in assigning the management and operation of major production lines of a steel plant owned by Delta Steel Mills to a qualified private sector operator.

Our team of lawyers advising on the Transaction was headed by our Partners Sameh Kamal and Osama Abdelmawla who have provided legal counsel on the Transaction from negotiations with an international operator until the agreement was finally awarded to an Egyptian operator.

This key Transaction aims to boost the profitability and competitiveness of the steel plant while preserving and enhancing the rights of its employees - and is in line with the objectives of the State for increased private sector participation in the management of economic units according to market rules and free competition.

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