Cuatrecasas, Gonçalves Pereira advised the steel manufacturing corporation ArcelorMittal, S.A., on non-statutory preferential subscription rights, and on listing the subscription rights of 1.26 billion new shares on the Spanish stock exchange, valued at €2.77 billion. The new share price was set at €2.20.

The offer was carried out through a passport system of issuing new shares on the Spanish stock exchange and required coordinating the transaction process in the company’s different jurisdictions: Amsterdam, Luxemburg, New York and Paris.

A multidisciplinary team comprising members of Cuatrecasas, Gonçalves Pereira's Corporate and Commercial, and Tax Practices advised ArcelorMittal throughout the process. The legal team comprised partners Pere Kirchner and Javier Rodríguez, and associates Roger Freixes, Teresa Sala and Diego Arribas.