Hints and tips:
Related Special Reports
...Steel manufacturer Gerdau has its North American headquarters in Hillsborough County....
...Fortune estimates the 77-year-old Mr Safra’s wealth at $18.6bn, making him Brazil’s second-richest man after Jorge Paulo Lemann, the beer and food billionaire and partner of US investor Warren Buffett in...
...Operation Zelotes, as the investigation is known, has already implicated senior executives of steelmaker Gerdau and Joseph Safra, a banker and Brazil’s second-richest man. All deny wrongdoing....
...Police also raided the office of another fixture of the Brazilian corporate world, steelmaker Gerdau, in February, also in a tax-related investigation....
...Securities and Exchange Commission, said on Tuesday it was also investigating Luciano Coutinho, head of the country’s state development bank BNDES who remains on Petrobras’s board, and ex-member Jorge Gerdau...
...The offering came as other capital-hungry Brazilian companies, including steelmaker Gerdau and construction company Odebrecht, are taking advantage of the window provided by a rally in global corporate bonds...
...’s US$2.2bn....
...Among the leading mergers or acquisitions were UnitedHealth’s $5.1bn takeover of Amil Participações, the Brazilian pharmaceutical company, last year, steel producer Gerdau’s acquisition of Chaparral Steel...
...Part of the tariff reductions will come from tax cuts – the government will cede R$3.3bn (US$1.58bn) a year to cut industrial rates by 10.8 per cent and residential rates by 5.3 per cent....
...Next in line were the Instituto Gerdau, related to the steel group of the same name, and the corporate philanthropy arm of Petrobras, the state-controlled oil company....
...This is even though Gerdau is based in a country that is one of the world’s biggest exporters of quality iron ore....
...Nippon Steel, Gerdau may buy Usiminas stake Nippon Steel, Japan’s largest steelmaker, and Brazil’s Gerdau SA are in talks to stave off a rival $2.9bn bid for a stake in Usinas Siderurgicas de Minas Gerais...
...The report reads: The Real’s currency appreciation in comparison to the US dollar has affected, however, companies that operate primarily through commercial subsidiaries, intermediating exports of products...
...Gerdau announced on Monday that it plans to raise R$3.8bn-R$4.2bn in a primary offering of common and preferred shares in the US as well as Brazil....
...“Global equity markets sold sharply, commodities are correcting 2-4 per cent, growth expectations are being ratcheted down globally, US dollar is rallying and undermining cheap financing.”...
...And Gerdau bought Peru’s biggest steel plant in 2006 and says it plans to invest $120m over the next three years. The idea behind the alliance is simple: Brazil provides technology and investment....
...However, with the risk of a US sovereign default now tangible and a Greek default probable, it may be external events that dictate the fate of the Bovespa this year....
...Steelmaker Gerdau also took over its US subsidiary last year, jet maker Embraer recently opened an assembly plant in Florida, and state-run oil company Petrobras recruits many engineers from top US universities...
...André Gerdau Johannpeter, chief executive of Gerdau, a Brazilian company with nearly 30 per cent of its production in the US, said he backed calls for a US government investigation into plans by Anshan Iron...
...For Gerdau, a steelmaker with about half its sales and assets outside the country, learning about new processes and diversifying product lines was one of the main drivers behind its acquisitions in the US...
...It will operate in competition with other US-based mini-mill companies, including Nucor, the US’s Steel Dynamics, and US divisions of Gerdau, a large Brazilian steelmaker, and Lakshmi Mittal’s ArcelorMittal...
...Among steelmakers, Usiminas fared worse, losing 3.26 per cent to 43.91 reais, while Gerdau fell 2.05 per cent to 22.97 reais and CSN was down 1.14 per cent to 26.90 reais....
...“The advertising culture in Brazil is more similar to the US – anything goes, people are more open …It’s a perfect alignment of the stars. It makes Brazil a very interesting target.”...
...Vale, the materials company, and Gerdau, the steel maker, are recommended stocks....
International Edition