Souza Cescon, Cleary Gottlieb and Moura forge steel JV

Souza, Cescon, Barrieu & Flesch Advogados has helped the Brazilian arm of steel company ArcelorMittal buy a majority stake in a tyre cord plant in Sumaré, São Paulo state, from Belgian counterpart Beakert. Bekaert hired Cleary Gottlieb Steen & Hamilton LLP in Brussels and Moura Advogados. ArcelorMittal paid 56.2 million euros (US$62.5 million) for the 55.5% stake in the plant.

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