# CAP and AZA combine steel businesses for US$484mn to reactivate Huachipato

CAP and AZA agreed to combine their steel businesses in a transaction valued at US$484 million, creating a new company where AZA will hold 85%, to reactivate steel production at the Huachipato plant in Chile with green steel plans using electric arc furnaces.

- Type: Acquisition
- Announced: 2026-06-06
- Where: Huachipato, Biobío Region, Chile
- Value: $484.0M
- Status: announced
- Products: steel bars, rebar, wire rod, grinding bars
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [CAP Group](https://endata.com/companies/15678.md)
- [AZA](https://endata.com/companies/92335.md) (acquirer)

## Sources

- [bnamericas.com](https://www.bnamericas.com/en/features/chile-cap-and-aza-agree-on-business-combination-for-us484mn-to-reactivate-huachipato-with-green-steel-plans), 2026-06-06: "It will reactivate the region's economy, where 10% of men are unemployed and almost 12% of women are unemployed, which is a lot for an industrial area."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.