Trinity Capital Inc. (NasdaqGS:TRIN) and Structure Banca de Inversión agreed to acquire Acerías Paz del Río S. A. (BVC:PAZRIO) from Votorantim S.A., Boyacá Development and Promotion Institute and others for COP 90 billion on November 19, 2021. Under the offer, transaction will be settled for COP 3.65 per share. The transaction is approved from the Colombian financial services watchdog.

The transaction is expected to close in the first quarter of 2022.