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14 Jun
12:43

Schroders increases shareholding in Gerdau

Brazilian steelmaker Gerdau says shareholder Schroder Investment Management Brasil (SIM) has increased its stake in the company. The acquirer is part of the Schroders group. “Schroders has increased the number of preferred shares by 6,731,373 and now manages a total of 53,675,127, representing 4.68% of this class of share,” says the company in a note sent to Kallanish. The company confirms that no other firm belonging to the investor group ho…
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