CAP Negotiates with AZA Steel to Transfer the Steel Assets of Huachipato
3 Articles
3 Articles
Although there are details that are reserved, the CAP group informed, through an essential fact to the Commission for the Financial Market (CMF) - that it is in a process of non-exclusive negotiations with AZA Steels, with the aim of combining part of the steel assets of the Company Siderúrgica Huachipato (CSH) with the productive capacities of the latter. The operation would be carried out through a corporate reorganization aimed at separating …
CAP informed the Commission for the Financial Market (CMF) that it is negotiating with AZA Steels an agreement to reactivate the steel assets of the virtually paralysed Huachipato Steel Company (CSH). According to the document signed by the company’s general manager, Nicolás Burr García de la Huerta, the talks take place “in a non-exclusive manner” and aim to “combine part of CSH’s steel assets” with “AZA’s productive capacities.” The operation …
If this alliance is realized it will have a very significant impact for the region: to restart an engine of employment, technological development and local productive chaining. ...
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