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Article: Brazil : Gerdau completes purchase of Acos Villares stake.
- Article from:
- TendersInfo
- Article date:
- August 25, 2008
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Byline: pinto03
Brazilian steel giant Grupo Gerdau has wrapped up its acquisition of a 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 specialty steelmaker Acos Finos Piratini is to be re-named Gerdau - Acos Especiais Brasil.
According to Gerdau, the company's takeover of Acos Villares aims to expand production and make new investments. The purchase turns ...