Brazil’s Companhia Siderúrgica Nacional has entered into a purchase agreement for the acquisition of Iberian steel profile producer GramPerfil, Kallanish learns from the Portuguese Competition Authority (AdC).
According to a notification published on Wednesday, the transaction will be executed through the steelmaker’s subsidiary CSN Steel SL, a distribution service company based in Bilbao, Spain.
“This acquisition enables us to expand our production, sales and processing capabilities for profiles and accessories in the civil construction and energy sectors. Additionally, it strengthens our presence in international markets, particularly in France, North Africa and Portuguese-speaking African countries,” CSN states.
The value of the transaction was not disclosed.
Todor Kirkov Bulgaria
