Aydemir Consultancy Legal, working with Toda & Nel-Lo, has advised Tosyali on its acquisition of STS from Baika Steel Tubular Systems. Arruti Abogados advised the sellers.
The Tosyali Holding is a Turkish group that operates in the steel industry, with 10,000 employees on three continents and a 6 million-ton steel production capacity.
STS is a Spanish spiral pipe producer.
Baika Steel Tubular Systems manufactures helical welded steel tubes.
According to Aydemir, “this acquisition is expected to underpin Tosyal's globally strong presence and leadership position in Europe in steel pipe production.”
The Aydemir team was led by Partner Gupse Hatko-Aydemir.
The Arruti team was led by Lawyer Nora Urtizberea Puy.