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Arcelor Buy Half Shares in 2 Costa Rican Steel Plants

Dec 23 2005

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Arcelor's Brazilian unit Arcelor Brasil has signed an agreement to buy a 50% stake of the capital of the Costa Rican companies Laminadora Costarricense SA and Trefileria Colima from Grupo Pujol Marti.

The transaction, carried out through Arcelor Brasil's subsidiary Cia. Siderurgica Belgo Mineira SA, is subject to the fulfillment of a number of conditions by the parties and is expected to be finalised by 31 January 2006.

The Laminadora Costarricense SA rolling mill produces merchant bars and rebars and has a yearly capacity of 400.000 tons. The Trefileria Colima wiredrawing unit has a capacity of 60.000 tons per year.

Arcelor Brasil, Arcelor's growth platform in Latin America, sees this acquisition, its first investment in this region, as a strategic positioning on the Central American market.

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