Tauil & Chequer Advogados in association with Mayer Brown, in Brazil, and Mayer Brown, in the United States, advised ArcelorMittal, the world's largest steel group, on the acquisition of the total corporate capital of Companhia Siderúrgica do Pecém (CSP) for US$2.2 billion. CSP is a joint venture between Vale, Latin America’s most valuable company, and South Korean steel groups Dongkuk and POSCO. CSP owns a steel mill established over an area of 571 hectares, which is part of the Industrial and Port Complex of Pecém (IPCP), in Ceará, inside Brazil’s first Export Processing Zone (EPZ). The facility produces steel bars and high quality rolled steel, with a yearly output of three million tons of steel slabs per year. The SPA for the transaction was signed on July 27, 2022 and is pending completion subject to conditions, such as approval from the Brazilian Competition Authority (CADE). In São Paulo, the team was led by partners Daniel Gunzburger (Corporate & Securities) and Celso Grisi and Guido Vinci (Tax), with the collaboration of associates Lucas Zamproni and Luciano Campos. In the United States, the Mayer Brown team was led by Corporate & Securities partners Paul M. Crimmins and Jason P. Wagenmaker with the collaboration of associate Gina Y. Chen.