US investment company BlackRock has increased its stake in Brazil’s Usiminas, the steelmaker says in a note seen by Kallanish.
BlackRock increased its class A preferred shares to 65,478,742, representing approximately 11.95% of this type of share, and 27,413,272 derivative financial instruments, representing approximately 5% of the total preferred shares issued by the company, Usiminas explains.
BlackRock has not entered into any agreements or arrangements…
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