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Brazil's MetalAorgica Gerdau aims to raise $319 mln in private offer

2015-10-29 12:45:46| Steel - Topix.net

Oct 29 MetalAorgica Gerdau SA, the investment holding company that controls Brazilian steelmaking group Gerdau SA, unveiled on Thursday a plan to sell 500 million shares in a private transaction. The company will offer 170 million common and 330 million preferred shares in a process known as restricted-effort offering, Gerdau said in a securities filing.

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