Google Website Translator Gadget

Showing posts with label primary and secondary share offering. Show all posts
Showing posts with label primary and secondary share offering. Show all posts

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)