Gerdau places $119m bid for Ascometal assets

Brazil’s Gerdau has placed a €86.3-million ($118.7 million) bid for the acquisition of bankrupt French speciality steel producer Ascometal.

Of this total amount, €44.3 million ($60.9 million) will be used for the purchase, with an additional €42 million ($57.8 million) to assume various Ascometal liabilities, the Latin American steel...


Ana Paula Camargo

May 13, 2014

05:39 GMT

São Paulo