|
|
Article: brazil : Gerdau buys 28.88% stake in Acos Villares.
- Article from:
- TendersInfo
- Article date:
- May 22, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: sander03
Brazilian steelmaker Gerdau Metalurgica announced that it bought 28.88% stake in Acos Villares for BRL 1.3 billion (USD 793 million).Gerdau Metalurgica said in a statement to the financial market regulator CVM that it acquired the stake from BNDESpar, the investment arm of Brazil's state development bank.Gerdau Metalurgica would pay for the deal by issuing debentures convertible into shares of Gerdau.
Acos Villares is a part of the Sidenor Group, one of the world s largest producers of special steels and rolls for rolling mills, which operates plants in Spain and Brazil. Acos Villares is organized into strategic Business Units and ...
Related newspaper, magazine, and journal articles:
|
|
Article: Brazil : Gerdau completes purchase of Acos ...
TendersInfo;
August 25, 2008 ;
683 words
... ... 28.9% stake in special steelmaker Acos Villares, local press reported. Latin America's largest steelmaker now owns 87% of Acos Villares, which along with Gerdau's existing ... Gerdau, the company's takeover of Acos Villares aims to expand production and make ...
|
|