Cintac Takes Control Of Centroacero

Chilean iron and steel producer Cintac, owned by Compañía Aceros del Pacífico (CAP), has taken control of local manufacturer Centroacero for $15.26 million. It bought 45% from its holding company Invercap for $6.7 million; paid $6.69 million to buy a 43% stake from Inversiones Agroindustriales and $1.87 million to acquire a 12% share held by Emetres.