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Usiminas Says Controllers Ordered by Regulator to Make Offer

2015-04-15 11:16:28| Steel - Topix.net

Usiminas, the Brazilian steelmaker embroiled in a board fight between Nippon Steel & Sumitomo Metal Corp. and the Techint Group, said the regulator ordered the two to make an offer for all its voting stock, adding a new twist in the battle for control. Nippon Steel and Techint are the largest members of the group that controls the Belo Horizonte-based company formally known as Usinas Siderurgicas de Minas Gerais SA.

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