Ovet Holding B.V. has a number of subsidiaries including Ovet B.V. and OBA Group B.V., which operate dry bulk terminals in Amsterdam, Terneuzen and Vlissingen, specialised in the storage, transhipment and processing of solid fuels, ores and minerals. Ovet and OBA handle coal, agribulk, minerals and biomass. Oxbow Carbon LLC is one of the world's largest recyclers of refinery and natural gas byproducts. Following closing, which is expected for June 2014, Ovet Holding B.V. will be a joint venture between Oxbow Coal B.V. (50.1%), and, indirectly, H.E.S. Beheer N.V. (49.9%).

The core team for this transaction comprises of Joost den Engelsman, Silvia Hubers and Lex Klapwijk (Corporate/M&A), Marianne de Waard and Renate Punt-Huizer (Civil law notaries), Leo Groothuis (Public M&A), Jaap Feenstra and Thomas Verstraeten (Competition) and Albert van der Kolk (Employment).

Oxbow, a new client to the firm, was very pleased with the services of the NautaDutilh team: 
"Thank you for your Herculean efforts in getting this transaction to a signing. Also please extend Oxbow’s gratitude to your full team."

Please find more information in the press release issued by H.E.S. Beheer N.V.

Various media paid attention to the deal, including: 
- Beurs.nl, 'Hes Beheer bereikt overeenstemming over overname Atic van Arcelormittal' 
(only available in Dutch) 
- Het Financieele Dagblad, 'Havenbedrijf Hes Beheer koopt belang in Atic van Arcelor' 
(only available in Dutch with subscribtion to Fd.nl)