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PR Newswire·

GRUPO SIMEC ANNOUNCES AGREEMENT WITH VOTORANTIM, S.A. TO ACQUIRE ACERBRAG, S.A.

  • Grupo Simec announced an agreement to acquire 100% of Acerbrag S.A. from Votorantim S.A.
  • The acquisition will be funded using Grupo Simec's own funds.
  • Acerbrag is a steel producer located in Bragado, Argentina, with over 60 years of experience in long steel products.
  • The transaction aims to strengthen Grupo Simec's international expansion & geographic presence in South America.
  • The deal includes modern industrial facilities for steelmaking & rolling operations.
  • Acerbrag serves the industrial, construction, & agribusiness sectors within the Argentine market.
  • The addition of Acerbrag is expected to increase production capacity & generate operational & commercial synergies.
  • The transaction remains subject to customary closing conditions, including regulatory approvals.
Company
Grupo Simec, S.A.B. de C.V.
Keywords
Grupo Simec, S.A.B. de C.V.