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Article: Peru : Votorantim acquires 51.6mn more shares in Milpo.
- Article from:
- TendersInfo
- Article date:
- August 22, 2008
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Byline: pinto03
Brazilian company Votorantim Metais has increased its stake in Peru's Minera Milpo by 51.6mn shares, the latter reported in a statement to Peruvian securities regulator Conasev.
Milpo did not state what percentage of the company Votorantim now controls, but local press reported that the Brazilian still has not acquired a majority stake in the Peruvian, which has supposedly been its intention since launching a public offer in April for 20% or some 147mn shares, which it concluded with only 1mn shares.
Votorantim has ...