Gerdau mulls folding Villares into its balance sheet
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Sunday, 15 Nov 2009
Reuters reported that Gerdau is considering folding its subsidiary Acos Villares into its balance sheet as part of a program to streamline costs.
As pew report, Gerdau may exchange one of its shares for between 26 and 30 shares of Acos Villares as part of the plan.
It may be noted that Gerdau, through some of its units, owns about 60% of Villares.
(Sourced from www.reuters.com)
