# ArcelorMittal to acquire CSP in Brazil for $2.2B

ArcelorMittal has signed an agreement to acquire Companhia Siderúrgica do Pecém (CSP) for an enterprise value of approximately $2.2 billion. CSP operates a 3 million tonne capacity steel slab facility in Ceará, Brazil.

- Type: Acquisition
- Announced: 2022-07-28
- Where: state of Ceará, Brazil
- Value: $2.20B
- Status: announced
- Capacity: 3 million tonnes per year
- Products: steel slab
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [POSCO](https://endata.com/companies/8856.md) (partner)
- [POSCO](https://endata.com/companies/8856.md) (target)
- [Vale](https://endata.com/companies/14293.md) (partner)
- [Vale](https://endata.com/companies/14293.md) (target)
- [Companhia Siderúrgica do Pecém](https://endata.com/companies/64412.md) (target)
- [Dongkuk Steel Mill](https://endata.com/companies/64418.md) (partner)
- [Dongkuk Steel Mill](https://endata.com/companies/64418.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/07/28/2487450/0/en/arcelormittal-agrees-acquisition-of-csp-in-brazil.html), 2022-07-28: "ArcelorMittal today announces it has signed an agreement with the shareholders of Companhia Siderúrgica do Pecém to acquire CSP for an enterprise value of approximately $2.2 billion."
- [reuters.com](https://www.reuters.com/markets/deals/arcelormittal-buy-steelmaker-brazils-csp-22-bln-vale-posco-dongkuk-2022-07-28/), 2022-07-28: "ArcelorMittal SA has signed a binding agreement to buy Brazilian steelmaker Companhia Siderurgica do Pecem (CSP) from Vale SA and its other key stakeholders"
- [clearygottlieb.com](https://www.clearygottlieb.com/news-and-insights/news-listing/vale-dongkuk-and-posco-complete-2-2-billion-sale-of-companhia-siderurgica-do-pecem), 2022-08-01: "The parties entered into a stock purchase agreement on July 27, 2022, and the transaction closed on March 9, 2023."

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