Home UPDATE 2-Shares of Gerdau sink as investors shun reorganization plan
 

Keywords :   


UPDATE 2-Shares of Gerdau sink as investors shun reorganization plan

2015-07-15 00:50:08| Steel - Topix.net

Shares of Brazil's Gerdau SA plunged the most in almost four months on Tuesday after the Americas' largest steelmaking group announced plans to spend 1.986 billion reais buying out a number of units as part of a broad reorganization program. Under the plan, Gerdau will buy the remaining stakes it does not yet own in Gerdau Acos Longos SA, Gerdau Acominas SA, Gerdau Acos Especiais SA and Gerdau America Latina Participacoes SA.

Tags: plan update investors sink

Category:Materials

Latest from this category

All news

»
23.11PlayStationVitaPCH-2000
23.11GB
23.11 Malbon
23.11PING PEARL GATES
23.11WATCH
23.11L
23.11Tetsuya_SP2 DMC
23.116
More »