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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.

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