Peruvian longs steelmaker Aceros Arequipa said late this week it is in talks to buy a “significant” amount of stock at local distributor Tradi SA, according to a document filing at the country’s securities exchange commission, SMV.
Tradi SA is a Peruvian distributor specialized in civil construction materials. Aceros Arequipa said no decision was made so far to acquire shares at Tradi SA, however, the company “permanently analyzes opportunities.”
“No due diligence was taken,” Acero Arequipa said.
Aceros Arequipa said any deal to buy shares at Tradi SA would be subject to the country’s anti-trust and competition authorities.