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Brazilian steelmaker Gerdau has signed a deal to buy the 39.53% stake owned by Sumitomo Corporation and the 1.74% stake from Japan Steel Works in Gerdau Summit for a total of $32.6 million.
“Brazilian steelmaker Gerdau has signed a deal to buy out the stakes owned in Gerdau Summit by its joint venture partners Sumitomo Corporation and Japan Steel Works.”reuters.com
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