Cargill has entered into a SEK 35 billion offtake agreement and made a commitment to invest approx. SEK 307 million in Nordic Iron Ore AB (publ). Roschier advised Cargill connection with entering into the agreements.
International supply chain solutions provider Cargill’s multi-year SEK 35 billion offtake agreement with Nordic Iron Ore AB (publ) includes an agreement to buy 25 Mt high-grade iron ore concentrate from the Blötberget mine in Dalarna, Sweden. Cargill has further committed to invest a total of approx. SEK 307 million in Nordic Iron Ore through a directed share issue and subsequent capital investments on certain conditions.
Cargill’s metals business division connects iron ore miners around the world with steel mills in key markets and provide a broad range of services from technical marketing to customized risk management solutions along the supply chain including to end users of steel.
Roschier’s main advisory team comprised Björn Winström, Ola Sandersson, Christoffer Benninge, Pontus Berganäs and Alexis Hekmatfar.
