Brazilian regulator approves Votorantim Siderurgia, ArcelorMittal merger 'with restrictions'

By Felipe Peroni / February 07, 2018 / www.metalbulletin.com / Article Link

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...

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok