Usiminas to acquire remaining shares in COSIPA
Brazilian
flats producer Usinas Siderurgica de Minas Gerais S.A (USIMINAS) has officially announced that it wants to acquire the remaining 6.3% share in its subsidiary Companhia Siderurgica Paulista (COSIPA).
Certain analysts are of the
opinion that once COSIPA is totally owned by USIMINAS, unified
production and market plan of USIMINAS companies will be easier.