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CADE approved without restrictions the acquisition of 96.35% of Siderúrgica Latino Americana (Silat) by Gerdau Aços Longos. The transaction concerns the steel segment.
Votorantim Cimentos, Tigre Participações and Gerdau Aços Longos have started a joint venture called Juntos Somos Mais, with Votorantim holding a 45% share. The venture expands an existing scheme operating in over 40,000 stores.