Colombia Sets Minimum Price For Steelmaker APR

The Colombian government and other shareholders have set a minimum price of $185 million (425.9 billion pesos) for the controlling interest (53%) in local steelmaker Acerías Paz del Río (APR), according to Colombian guarantee fund Fogafin. APR, which is the only integrated steelmaker in Colombia, has been in receivership since 2003. The government is expected to sell off the stake before the end of this year or early next year. Those interested in buying the company include Arcelor Mittal, Brazil’s Gerdau and Argentina’s Techint, say APR.