# ArcelorMittal and Votorantim merge long steel businesses in Brazil

ArcelorMittal and Votorantim are merging their long steel businesses in Brazil.

- Type: Acquisition
- Announced: 2017-02-23
- Where: Brazil
- Status: announced
- Capacity: 5.6 million tonnes of steel production
- Products: long steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md)
- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [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

- [bnamericas.com](https://www.bnamericas.com/es/noticias/arcelormittal-y-votorantim-fusionan-negocios-de-aceros-largos-en-brasil), 2017-02-23: "ArcelorMittal y Votorantim fusionan negocios de aceros largos en Brasil"
- [exame.com](https://exame.com/negocios/acordo-entre-votorantim-e-arcelormittal-e-positivo-diz-moodys/), 2017-02-27: "Na negociação, a Votorantim Aços Longos passa a ser uma subsidiária integral da ArcelorMittal."
- [pymnts.com](https://www.pymnts.com/cpi-posts/brazil-arcelor-mittal-votorantim-merge-brazilian-assets/), 2017-02-28: "The Brazilian branch of global steel giant Arcelor Mittal has announced it will look to merge its assets with local heavyweight Votorantim Siderurgia, creating a new company with a joint capacity of over 5.6 million tonnes of steel production."

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