Invercap S.A. has sold a 47.3% stake in Novacero to CAP S.A.
October 2016 — 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.
Our role in the transaction
Oaklins' team in Chile advised the seller in this transaction.
Contáctese con el equipo de la transacción
Transacciones relacionadas
The minority shareholders of JJ Tomé have sold their stake to Eiffage
The minority shareholders of JOÃO JACINTO TOMÉ, S.A. (JJ Tomé) have sold their remaining stake to Eiffage Énergie Systèmes, which was already the majority shareholder, giving the French group full ownership of the Portuguese business.
Aprenda másKran og Industri Service has entered Denmark through the acquisition of Hytek
Kran og Industri Service (KIS), a leading provider of crane, lifting equipment and industrial service solutions, has acquired Hytek AS, a Danish specialist in hydraulic and mechanical services.
Aprenda másGrupo LTN has entered into a strategic joint venture with Kingspan Group
Grupo LTN has entered into a strategic joint venture with Kingspan Group plc, a global leader in sustainable building solutions and high-performance insulation. The partnership between the Mendoza-based industrial group and the European multinational aims to strengthen Grupo LTN’s regional leadership and accelerate the adoption of dry construction and energy-efficient building solutions across Argentina and South America. It combines Grupo LTN’s regional expertise and industrial capabilities with Kingspan’s global technology, innovation and scale to support the company’s next phase of growth in South America.
Aprenda más