brazil's gerdau grOup tO sell spanish divisiOn sidenOr tO spain's clerbil sl investment grOup

摘要

On May 20, Brazil's Gerdau Group signed a definitive agreement with Spain's investment group Clerbil SL to sell its Spanish division Sidenor, according to the company's press release. The asset specializes on specialty steel flats production for the automotive industry. The transaction is expected to be completed by July, subject to analysis by the competition authorities in Spain.