Tauil & Chequer Advogados and Mayer Brown advised ArcelorMittal on the sale of Ideal Alambrec and BIA Alambres

Tauil & Chequer Advogados associated with Mayer Brown in Brazil, and Mayer Brown in the United States, represented ArcelorMittal Brasil S.A. and ArcelorMittal Spain Holding S.L. in the sale of their 27% stake in Ideal Alambrec S.A. and BIA Alambres Costa Rica S.A. to Crastum Investments S.L.U., a subsidiary of the AG Group, based in Guatemala.
The sold companies are leading manufacturers and distributors of steel wire products in Ecuador and Costa Rica, respectively.
ArcelorMittal was a partner of Bekaert in the joint venture that managed the operations of Ideal and BIA, and exercised its tag-along right to sell its shares substantially in the same terms and conditions as those applicable to Bekaert
The deal was led by partner Daniel Gunzburger and included associate Luciano Campos, both from the Corporate and M&A practice. Partner Paul M. Crimmins and associate Marissa Cantu, both from Mayer Brown’s Corporate & Securities practice in Chicago, were also involved in the transaction.