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03 Apr
12:31

AVB considers 2024 not ripe for large investments

Brazilian steelmaker Aço Verde do Brasil (AVB) estimates that 2024 will be a challenging year for investments, Kallanish hears from the company's top executive. AVB last year hired UBS BB bank to evaluate fundraising alternatives, such as attracting financial or strategic partners and launching an initial public offering (IPO). While publishing first-quarter results, AVB expresses doubts that it would be a good time to start a major investment. “…
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