Finance / Brazil
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Brazilian Steel Group Gerdau Buys Into Central America
May 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The largest steel-maker in the Americas, Gerdau Group, has entered into a strategic alliance with Corporación Centroamericana del Acero (CCA) in Central America. In the deal announced on April 21, Porto Alegre, Brazil-based Gerdau agreed to invest US$180mn in CCA's operations and now owns a 30% stake in the steel-maker.