Usiminas issues public notice for Cosipa shares

Usiminas issues public notice for Cosipa shares

Brazilian steel producer Usiminas issued a public notice disclosing that it will buy the outstanding 6.2% shares of its flat subsidiary Companhia Siderurgica Paulista (Cosipa). Usiminas had previously announced that it would buy the remaining shares in Cosipa at a tender on March 18, 2005. Shareholders can register their shares for the tender until noon on March 18. Cosipa will become a wholly owned subsidiary of Usiminas on March 23, 2005. The total production capacity of the two companies will be 9.5 million tons.