ArcelorMittal Brasil S.A. and Votorantim S.A. announce today the signing of a definitive agreement, pursuant to which Votorantim’s long steel businesses in Brazil, Votorantim Siderurgia, will become a subsidiary of ArcelorMittal Brasil and Votorantim will hold a minority stake in ArcelorMittal Brasil.

Votorantim’s long steel operations in Argentina (Acerbrag) and Colombia (PazdelRío) were not included in the transaction.

The combination of the businesses will result in a long product steel producer with annual crude steel capacity of 5.6 million tonnes and annual rolling capacity of 5.4 million tonnes. Production facilities include ArcelorMittal Brasil’s sites at Monlevade, Cariacica, Juiz de Fora, Piracicaba and Itaúna, and Votorantim Siderurgia’s sites at Barra Mansa, Resende and its participation in Sitrel, in Três Lagoas. The merger is expected to generate cost, logistical and operational synergies. The combined businesses production facilities are geographically complementary, enabling closer proximity, and higher levels of service, to its customer base.

The transaction is subject to regulatory approvals in Brazil, including the approval of the Brazilian anti-trust authority CADE. 

Until closing, ArcelorMittal Brasil and Votorantim Siderurgia will remain fully separate and independent companies.

About Votorantim 
Votorantim is a 100% Brazilian company with a presence in 23 countries, employs over 47 thousand people around the world and will complete 100 years of activity in 2018. 

Votorantim has a portfolio of businesses that are highly diversified, both in terms of geographic distribution and market segments. The portfolio is focused on strategic industry sectors: Cement, Zinc & by-products, Aluminum, Long Steel, Energy, Pulp, Orange Juice and Banking.

In 2015, Votorantim had consolidated net revenues of R$ 31.5 billion and EBITDA of R$ 7.0 billion, with total investments of over R$ 3.3 billion. 

About ArcelorMittal

ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2023 generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel and, 42.0 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

http://corporate.arcelormittal.com/
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