# ArcelorMittal acquires Pecém steel unit in Brazil for R$11.2 billion

ArcelorMittal is acquiring the Pecém unit in Ceará, Brazil, for R$11.2 billion as part of its R$25 billion investment program.

- Type: Acquisition
- Announced: 2024-12-18
- Where: Pecém, Ceará, Brazil
- Value: $2.24B (11.2B BRL)
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [ArcelorMittal](https://endata.com/companies/292.md) (partner)
- [China Oriental Group](https://endata.com/companies/21259.md) (partner)

## Sources

- [valor.globo.com](https://valor.globo.com/conteudo-de-marca/arcelormittal/noticia/2024/12/18/arcelormittal-faz-investimentos-recordes-de-r-25-bilhoes-no-brasil.ghtml), 2024-12-18: "O atual ciclo inclui a aquisição da Unidade do Pecém (CE), por R$ 11,2 bilhões"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1227704.html), 2024-12-20: "成立合营公司的所有先决条件均已根据合营企业协议的条款达成，而合营公司已于2024年12月20日成立。"

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