# 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.

- Type: Acquisition
- Announced: 2017-02-22
- Where: Brazil, Brazil
- Status: announced
- Capacity: 5.6 million tonnes per year crude steel, 5.4 million tonnes per year rolling
- Products: long steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal Brasil S.A.](https://endata.com/companies/22418.md) (acquirer)
- [Votorantim S.A.](https://endata.com/companies/22419.md) (investor)
- [Votorantim S.A.](https://endata.com/companies/22419.md) (partner)
- [Votorantim S.A.](https://endata.com/companies/22419.md) (target)
- [Votorantim Siderurgia](https://endata.com/companies/22420.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1243429/000090342317000132/arcelor6kex991_0223.htm), 2017-02-23: "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."
- [diariodovale.com.br](https://diariodovale.com.br/tempo-real/votorantim-vende-siderurgicas-de-resende-e-barra-mansa/), 2017-02-23: "A ArcelorMittal Brasil S.A. e a Votorantim S.A. celebraram na quarta-feira (22) um contrato por meio do qual a Votorantim Siderurgia passará a ser uma subsidiária da ArcelorMittal Brasil"
- [globenewswire.com](https://www.globenewswire.com/news-release/2017/02/23/926984/0/en/ArcelorMittal-Brasil-and-Votorantim-sign-agreement-to-combine-their-Brazilian-long-steel-businesses.html), 2017-02-23: "The combination of the businesses will result in a long product steel producer with annual crude steel capacity of 5.6 million tonnes and annual rolling capacity of 5.4 million tonnes."
- [bnamericas.com](https://www.bnamericas.com/en/news/watchdog-requests-further-info-on-arcelormittal-votorantim-steel-ops-merger), 2017-07-17: "In late-February, ArcelorMittal Brasil and Brazil's Votorantim announced a merger of their local long steel operations."

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