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.