Tsar & Tsai successfully assisted Franz Haniel & Cie GmbH on the sale of ELG Haniel GmbH ("ELG") to Luxembourg-based steel producer Aperam S.A. with deal value of around EUR 400 million. ELG specialises in trading, processing, and recycling raw materials for the stainless-steel industry as well as high-performance materials such as superalloys and titanium. Since its acquisition by Haniel almost 40 years ago, ELG has developed into one of the world's leading companies in its sector. (Yvonne Liu Esq. / Elvin Peng Esq.)