ArcelorMittal Brasil and Votorantim combine Brazilian long steel businesses

ArcelorMittal Brasil and Votorantim signed a definitive agreement to combine their long steel businesses in Brazil, with Votorantim Siderurgia becoming a subsidiary of ArcelorMittal Brasil and Votorantim holding a minority stake. The combined entity will have annual crude steel capacity of 5.6 million tonnes.

“Votorantim’s long steel businesses in Brazil, Votorantim Siderurgia, will become a subsidiary of ArcelorMittal Brasil and Votorantim will hold a minority stake in ArcelorMittal Brasil.”sec.gov

• 4 sources
• sec.govFeb 23, 2017
• diariodovale.com.brVotorantim vende siderúrgicas de Resende e Barra Mansa - Diário do ValeDiário do ValeFeb 23, 2017
• globenewswire.comArcelorMittal Brasil and Votorantim sign agreement toArcelorMittal S.A.Feb 23, 2017
• bnamericas.comWatchdog requests further info on ArcelorMittal-Votorantim steel ops merger - BNamericasJul 17, 2017

Summarized from public sources; check the original articles before acting on it.