Invercap S.A. has sold a 47.3% stake in Novacero to CAP S.A.
Invercap S.A. has sold a 47.3% stake in Novacero to CAP S.A. Financials will remain confidential.
Novacero is present in the steel processing industry through its 50.9% stake in Cintac S.A. and 30.6% stake in Intasa S.A.
CAP engages in iron ore mining, steel production and steel processing businesses in Chile and internationally. It operates in four segments: CAP Mining, CAP Steel, CAP Steel Processing and CAP Infraestructura. The company extracts, processes, and sells minerals and produces iron ore and pellets in the Pacific coast. It also produces and sells rods for ore grinding and reinforcing concrete, and other rod products for distributors and construction companies, processors and industrial companies, manufacturers of metal packaging, wire drawers, tube and profile factories, metal workshops, and mines. In addition, the company engages in the cutting of coils; pressing of cold, hot, and galvanized rolled sheets; and manufacture and sale of seamed steel pipes, and steel pipes and profiles for dry construction, as well as the provision various solutions for the construction, residential, industrial, commercial, highway engineering, mining, and other sectors.
Invercap, through its subsidiaries, engages in the extraction of iron ore and the roduction of steel in Chile and Latin America. Its steel products include steel bars, flat products, structural tubes, pipes and open profiles. The company also provides shaped steel products for structural use and conduction of steel fluids for safety and construction markets. It is also involved in operating mini-hydroelectric power stations and solar and wind generation projects.
Oaklins' team in Chile advised the seller in this transaction.
Talk to the deal team
Related deals
SAP Landscapes has secured investment from Renatus Capital Partners
SAP Landscapes Limited has secured new investment from Renatus Capital Partners. The investment from Renatus will accelerate SAP Landscapes’ continued expansion, including geographic growth and the broadening of its services, both organically and through potential acquisitions or partnerships.
Learn moreParcom has sold Krifon to Varro
Krifon AS, a leading Nordic B2B distributor specializing in home and garden products, has been acquired by Varro. The transaction marks a new chapter for the company as it continues to strengthen its position as a trusted category partner to leading DIY chains, garden centers and furniture retailers in Norway.
Learn moreDolmans Landscaping Group has welcomed Foreman Capital as a new shareholder to support further growth
Dolmans Landscaping Group, a leading full-service provider of landscaping services, has welcomed Foreman Capital as a new shareholder. By partnering with Foreman Capital, which has extensive experience in building stronger companies in the maintenance of public spaces, Dolmans can accelerate its growth trajectory across core verticals and further professionalize the business.
Learn more