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ArcelorMittal has agreed to acquire the remaining 60% stake in Tuper S/A, a Brazilian steel processor, making it a wholly owned subsidiary. The acquisition has been submitted to CADE for approval, with a decision expected within 60 to 90 days.
ArcelorMittal Brasil, a steel producer, acquired Tuper, a steel transformer in São Bento do Sul, Brazil. The acquisition was approved by CADE and is part of ArcelorMittal's vertical integration strategy.