Gerdau SA (GGB.N)
|Market Cap (Mil.):||$9,659.02|
|Shares Outstanding (Mil.):||1,719.66|
PARIS - A commercial court has picked a group of French investors led by former finance ministry official Frank Supplisson ahead of Brazilian steelmaker Gerdau to take over the assets of bankrupt specialty steelmaker Ascometal.
PARIS - A group of French investors led by former finance ministry official Frank Supplisson will get state funding if it wins a bid to buy the assets of bankrupt specialty steelmaker Ascometal.
(Adds Mitsubishi Chemical, Abertis, Gerdau; updates Hillshire Brands, Allergan, Shire)
April 7 - Gerdau SA has hired Bank of America Merrill Lynch, Itau BBA, JPMorgan Chase & Co and Banco Santander SA to arrange a series of investor meetings and calls on Monday and Tuesday that could lead to the sale of 30-year, dollar-denominated debt securities, a source with knowledge of the situation said.
April 7 - Gerdau SA, Brazil's largest producer of long steel products, made a preliminary proposal to take over operations of Ascometal, a specialty steel producer in France, for 41.5 million euros ($57 million), according to a securities filing on Monday. (1 euro = 1.37 dollars)
SAO PAULO, Feb 21 - Gerdau SA, the world's second biggest maker of long steel, expects to invest 2.9 billion reais ($1.2 billion) in 2014, up 12 percent from 2.6 billion reais last year, Chief Executive André Gerdau Johannpeter said on a Friday conference call.
SAO PAULO, Feb 21 - Brazil's Gerdau SA beat profit estimates for the fourth quarter as expenses fell faster than revenue in a traditionally weak period for output and sales at the largest steelmaker in the Americas.
SAO PAULO, Feb 21 - Brazilian steelmaker Gerdau SA beat profit estimates for the fourth quarter as expenses fell faster than revenue in a traditionally weak period for output and sales.
Brazil's Administrative Council for Fiscal Resources, a unit of the country's tax authority, on Tuesday delayed for about a month the ruling on a dispute between the government and steelmaker Gerdau SA, scheduled for Tuesday, after a councilor asked for a recess to study the matter more carefully.
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