DLA Piper has advised EVRAZ, one of the leading steel producers in the world, on a major transaction with Berklemond Investments Ltd, a company of the DCH Group, for US$110 million of gross consideration, adjustable for the actual level of working capital and debt.

The transaction involved the disposal by EVRAZ of the entire issued share capital of Kadish Limited, the holding company of EVRAZ Sukha Balka, one of the leading Ukrainian enterprises specialising in iron ore underground mining.

Julien Hansen, Corporate partner and Head of DLA Piper Russia's English Law Team, led the transaction.