Brazilian competition regulator Cade has approved the proposed merger between ArcelorMittal Brasil and long steel producer Votorantim Siderurgia, but with restrictions.
The operation was approved by a majority of Cade's administrative court on Wednesday February 7 and is conditional on ArcelorMittal agreeing to sell several assets, as well as taking on commitments about production levels.ArcelorMittal will divest its Cariacica facility in Brazil's south-eastern Esp?-rito Santo state and transfer a rental contract for its Ita??na facility in the country's south-eastern Minas Gerais state to other companies. It will also sell two drawn products units.Cade did not reveal...