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Monday, March 21, 2011

Brazil steelmaker Gerdau to sell stock - filing

Mon Mar 21, 2011 1:32pm GMT

SAO PAULO, March 21 (Reuters) - Brazilian steelmaker Gerdau (GGBR4.SA: Quote) said it will issue stock in a primary and secondary share offering, according to a filing on Monday.

The primary stock sale will be worth between 3.8 billion reais ($2.3 billion) and 4.2 billion reais, according to the statement. ($1=1.662 reais)

(Reporting by Luciana Lopez, editing by Gerald E. McCormick, sourced:Reuters)

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