Business · Companies · 1 hr ago
Votorantim to sell its stake in Argentine steelmaker Acerbrag
Votorantim plans to sell its entire Acerbrag stake to Mexico’s Grupo Simec.
Acerbrag makes steel for construction, farming and industry, and operates in Argentina’s Buenos Aires province.
The sale would give Grupo Simec full ownership of the steelmaker, directly and indirectly.
The deal’s value has not been disclosed.
This is Votorantim’s third major metals-related divestment in 2026, following transactions involving CBA and Nexa.
The Acerbrag deal still needs competition and regulatory approval before it can be completed.
Votorantim will sell its entire stake in Argentine steelmaker Acerbrag to Mexico’s Grupo Simec.
The transaction was announced on Tuesday, November 10, and its value was not disclosed.
The sale still requires approval from competition authorities and regulators.
When completed, Simec will hold 100% of Acerbrag’s capital, directly and indirectly.
Votorantim described the deal as part of its active portfolio management strategy.
- Who
- Votorantim is selling its stake to Mexico’s Grupo Simec.
- What
- Votorantim will sell its entire stake in Acerbrag.
- When
- Announced on Tuesday, November 10, 2026. The completion date was not stated.
- Where
- Acerbrag is based in Argentina, with its administrative headquarters in Vicente López and its factory in Bragado, Buenos Aires province.
- Why
- Votorantim said the transaction aligns with its active portfolio management strategy.
This story does not have two clearly opposing sides.
Votorantim agreed to sell its stake in aluminum producer CBA.
Votorantim agreed to exchange its stake in Nexa Resources for shares in Sweden’s Boliden.
Votorantim announced the sale of its entire Acerbrag stake to Grupo Simec.
The sale can be completed once competition authorities and regulators approve it.
- Buyer
- Grupo Simec, Mexico
- Stake for sale
- Votorantim’s entire stake in Acerbrag
- Acerbrag factory
- Bragado, Buenos Aires province, Argentina
- Deal value
- Not disclosed
- Required approvals
- Competition authorities and regulators
2 sources
What people are saying
the transaction is aligned with VSA’s strategy of active portfolio management