Usiminas to acquire remaining shares in Cosipa
Monday, 21 February 2005 14:15:00 (GMT+3)
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Usiminas to acquire remaining shares in Cosipa
Recent market news suggest that Brazilian steel producer Usiminas plans to buy the outstanding 6.2% stake in its flat steel subsidiary Companhia Siderurgica Paulista (Cosipa) at the auction that will be held on March 18, 2005.
If Cosipa shareholders agree to the bid, Cosipa will become a wholly-owned subsidiary of Usiminas on March 23, 2005.
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