August 1, 2013 / 2:56 PM / 5 years ago

STXNEWS LATAM-Gerdau has no interest to bid for MMX's Sudeste port, CEO says

Brazilian steelmaker Gerdau SA is not interested in bidding for mining company MMX Mineração e Metálicos SA’s Porto do Sudeste port compound, Chief Executive Officer André Gerdau-Johannpeter said on Thursday. MMX is reportedly putting up for sale a series of projects or finding partners to reduce debt and speed up execution.

“We are not considering anything,” Gerdau-Johannpeter said at a conference call to discuss second-quarter earnings, when asked about a potential Gerdau bid for the Sudeste port.

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