Brazil’s antitrust agency Cade has approved the joint venture between Brazilian steel producer Gerdau and truck semi-trailer producer Randon. The new company will be an association between Gerdau’s subsidiary Gerdau Next and Randon subsidiary Randon Servigos e Participagoes Ltda, providing adequate solutions to the demands of carriers and shippers, by providing leasing services of trucks, semi-trailers and other products related to the transportation and movement of cargo. Randon & Gerdau had announced on 1 September a partnership to create a joint venture that will provide solutions and services for the leasing of heavy vehicles to be headquartered in São Paulo. The business has an investment of BRL 250 million, with a 50% of each partner in the shares of the new unit, in addition to other sources of funding that may be accessed in the future. The new business will have as its main service the rental of trucks and semi-trailers, seeking to deliver profitable and adequate solutions according to the demand of customers who act as carriers or cargo shippers.