OREANDA-NEWS. On 01 April 2008 was announced, that Hogan & Hartson partner Joseph G. Krauss, acting as Divestiture Trustee, had entered into an agreement to sell the Sparrows Point steel mill to OAO Severstal for US\\$810 million.

The sale, which was announced on March 21, 2008, was required by a final judgment entered by the Federal Court in Washington, D.C. to settle charges that the \\$41 billion merger between Mittal Steel and Arcelor, which was announced in 2006, would violate the antitrust laws. Hogan & Hartson also acted as counsel to the Divestiture Trustee, handling all aspects of the transaction including, corporate, labor, environmental, human relations, real estate, and tax. Morgan Stanley acted as financial advisor to the Divestiture Trustee in connection with this transaction. The sale is expected to be closed later this spring.

As Divestiture Trustee, Krauss was assisted by associate Jonathan Grossman. The Hogan & Hartson transaction team was led by partner Lorraine Sostowski. Partners Steve Kaufman, Stanley Brown, Jack Keeney, Lee Berner, Scott Reisch, Margaret de Lisser, and more than 40 lawyers from Hogan & Hartson offices throughout the country also worked on this matter for the firm.