Marval Advised Votorantim on the Sale of Acerbrag to Grupo Simec

Marval O’Farrell Mairal, together with Brazilian firm Demarest Advogados, advised Votorantim S.A. on the sale of its entire direct and indirect equity interest in Acerbrag S.A. to Grupo Simec, S.A.B. de C.V., a Mexican steel group listed on the New York Stock Exchange (NYSE) with operations in Mexico, the United States, Canada and Brazil.

Upon completion of the transaction, Grupo Simec will directly and indirectly hold 100 % of Acerbrag’s share capital. Closing is subject to customary conditions precedent, including the applicable regulatory and antitrust approvals.

With more than 60 years of history, Acerbrag is one of Argentina’s leading producers of long steel products. Its industrial plant is located in Bragado, in the province of Buenos Aires, and its products serve the construction, agricultural and industrial sectors. The transaction represents a strategic investment in the Argentine steel sector and a significant cross-border deal for the regional steel market.

The Marval O’Farrell Mairal team was led by partner Pablo A. Artagaveytia, together with associates Josefina Griot, Julieta Salguero and Milagros Medinaceli.

The Demarest team was led by partner Paulo Coelho da Rocha, together with senior associate Luiza Peralta and associate Santiago Cocimano.