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07 Jul
10:47

CII group increases shareholding in Gerdau

Capital International Investors (CII) has increased its stake in Brazilian long steel producer Gerdau, Kallanish learns from the steelmaker. According to a document filed to the Brazilian Securities Commission (CVM), CII now holds 172,336,769 preferred shares in Gerdau, which represents 15.03% of participation. "No other company belonging to Capital International Investors economic group has a shareholding in Gerdau," the company says. It is a minor…
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