27
Apr
10:23
BlackRock increases shareholding in Gerdau
US investment company BlackRock has increased its stake in Brazil’s Gerdau, the steelmaker says in a note seen by Kallanish.
“BlackRock increased its preferred shares to 37,205,701, representing approximately 5.15% of this type of share,” explains Gerdau.
BlackRock has not entered into any agreements or arrangements governing the exercise of voting rights or the purchase and sale of securities issued by Gerdau, the company adds.
According…
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Very good overview of the weekly steel market.
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