Corporacion Aceros Arequipa S.A. (BVL:CORAREI1) made a bid to acquire 15.65% stake in Comercial del Acero S.A. for $25 million on August 3, 2018. As of August 14, 2018, the Board of Comercial del Acero S.A. approved the deal. José Antonio Payet, Alfredo Chan Arellano, Rafael Ortiz Encalada and Brian Ávalos of Payet, Rey, Cauvi, Pérez Abogados acted as legal advisors to Corporacion Aceros Arequipa S.A. Rafael Boisset, Alessandro Mussio, Luis Miguel Garrido, Noelia Mariátegui and Milagros Pastor of Philippi, Prietocarrizosa & Uría acted as legal advisors to Comercial del Acero S.A. UNE asesores financieros acted as financial advisor to Comercial del Acero. Corporacion Aceros Arequipa S.A. (BVL:CORAREI1) completed the acquisition of 15.65% stake in Comercial del Acero S.A. on September 4, 2018.