On February 1, 2010, ArcelorMittal Dofasco completed the divestiture of its 28.6% minority interest in Wabush Mines, Canada to Cliffs Natural Resources Inc., receiving a consideration of approximately US$35 million for the stake. The Wabush Mines operation includes the Scully Iron Ore Mine near Wabush, Newfoundland, Labrador; the pellet plant and port facilities at Point Noire, Quebec; and integrated rail facilities.
Arcelormittal Dofasco was advised in this transaction by Fasken Martineau with a team that included Sean Stevens and Amira Abouali (corporate), Ron Nobrega and Jean-François Perrault (tax), Jean-M Gagné and Jean-Gabriel L'Ecuyer (real estate) and Huy Do and Mark Magro (competition).
Client Work
ArcelorMittal Dofasco divests minority interest in Wabush Mines for US$35 million
Fasken
Reading Time
1 minute read
Overview
Overview
Team
Team
- Sean S. Stevens, Partner | Co-Leader, Capital Markets and Mergers & Acquisitions (CM and M&A), Toronto, ON, +1 416 868 3352, sstevens@fasken.com
- Ronald Nobrega, Partner, Toronto, ON, +1 416 865 4399, rnobrega@fasken.com
- Jean-François Perreault, Partner, Montréal, QC, +1 514 397 7460, jperreault@fasken.com
- Huy Do, Partner | CO-LEADER, COMPETITION, MARKETING & FOREIGN INVESTMENT | LEADER, SOUTHEAST ASIA GROUP, Toronto, ON, +1 416 868 3505, hdo@fasken.com
