Gerdau to merge Mexican units, increase stake in Gerdau Corsa to 75%

Brazilian steelmaker Gerdau will increase its interest in Mexican joint venture Gerdau Corsa from 70% to 75% by merging three of its units in the country and selling a stake to Grupo Córdova, the company said on Thursday August 19.

Under the corporate reorganization, Sidertúl and Aceros Corsa will merge into Gerdau Corsa, while businessman Juan Angel Córdova Creel and Mexican-based company Corcre – both comprising Grupo Córdova – agreed to...

Published

Renato Rostás

August 20, 2021

13:18 GMT

São Paulo