"Freshfields Advises on €1.7 Billion Financing for SHS Group's Power4Steel Green Transformation Project"

**Law Firms Involved in the Transaction:** Global law firm Freshfields acted as legal advisor to an international banking consortium in the financing of the Power4Steel project, which is spearheaded by the German steel producer SHS -Stahl-Holding-Saar Group (SHS Group). **Transaction Overview:** The financing for the Power4Steel project amounts to approximately €1.7 billion and represents a significant investment in one of Europe's largest decarbonisation initiatives aimed at transforming steel production through greener, hydrogen-based technologies. The financing package includes export credit facilities from SACE, the Italian Export Credit Agency, and OeKB, the Austrian Export Credit Agency, and involves a consortium of European banks, with ING Bank and UniCredit Bank GmbH serving as key agents. **Legal Team:** The Freshfields team was led by Partner Andreas Ruthemeyer (Energy & Infrastructure Finance, Frankfurt) and included the following lawyers: - **Partners:** - Dr. Frank Laudenklos (Finance, Frankfurt) - Andreas von Bonin (Antitrust, Brussels) - Fabrice Grillo (Finance, Paris) - Florian Klimscha (Finance, Vienna) - Francesco Lombardo (Finance, Milan) - Alexander Glos (Regulatory, Frankfurt) - **Counsel:** - Anouschka Zagorski (Finance, Frankfurt) - Falko Glasow (Regulatory, Frankfurt) - Holger Hartenfels (Regulatory, Frankfurt) - **Principal Associates:** - Laura Korndörfer (Frankfurt, Energy & Infrastructure Finance) - Matthis Grenzer (Berlin, Energy & Infrastructure Finance) - Nicolas Sölter (Regulatory, Hamburg) - **Associates:** - Iryna Karpliuk (Frankfurt, Energy & Infrastructure Finance) - Valentina Niegisch (Frankfurt, Energy & Infrastructure Finance) - Eike Christian Jani (Hamburg, Real Estate) - Jessica O'Sullivan (London, Finance) - Paul B. Jahn (Düsseldorf/London, Antitrust) - **Trainees:** - Tim Gabersek (Frankfurt, Energy & Infrastructure Finance) - Serra Onal (Frankfurt, Energy & Infrastructure Finance) - Maheja Mirza (London, Finance)

"Freshfields Advises on €1.7 Billion Financing for SHS Group's Power4Steel Green Transformation Project"

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