Belgo Mineria shares in Acindar increase

Tuesday, 01 June 2004 14:40:32 (GMT+3)   |  
       

Belgo Mineria shares in Acindar increase

Brazilian long steel producer Belgo Mineria increased its shares in Argentina based steelmaker Acindar from 50% to 66%, hence Belgo Mineria holds controlling stake in the steelmaker. Acindar reported a net profit of $44 million for the first quarter of 2004, down by 15% from the same period of previous year.

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