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Tag: gerdau
Brazil's Gerdau considers potential asset sales
2015-08-13 06:43:51| Steel - Topix.net
Aug 12 Brazilian steelmaker Gerdau SA is re-evaluating the profitability of its joint ventures for potential future asset sales, Chief Executive Andre Gerdau Johannpeter told analysts in a conference call on Wednesday.
Tags: sales
potential
asset
considers
Gerdau says buyout of units taking place at adequate valuation
2015-07-17 23:53:57| Steel - Topix.net
Gerdau SA, the largest steelmaker in the Americas, said on Friday that a plan to spend 1.986 billion reais buying out four units in a broad reorganization program took place under adequate valuations and market conditions. 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: place
taking
units
adequate
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
Brazil's Gerdau plans broad reorganization amid grim steel outlook
2015-07-14 14:21:01| Steel - Topix.net
Gerdau SA, the Americas' largest steelmaking group, announced on Tuesday a broad corporate reorganization that aims at taking better advantage of the firm's growing size in markets other than home turf Brazil amid weak demand and pricing for steel products. Under the plan, which the Porto Alegre, Brazil-based firm announced in a securities filing, Gerdau will pay 1.986 billion reais to buy out minority shareholders in four units, integrate South American operations outside Brazil in a single unit and merge the company's iron ore unit into its Brazil operations.
Tags: plans
steel
broad
outlook
Gerdau: Why Investors Should Avoid This Brazilian Steelmaker
2015-06-26 17:41:04| Steel - Topix.net
Brazil is in the midst of a recession and its economy will contract this year, leading to a drop in steel consumption, which will ultimately hurt GGB's sales. The increasing usage of aluminum in the auto industry in North America will reduce GGB's addressable market, posing another challenge for the company.
Tags: avoid
investors
brazilian
gerdau
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