Gerdau Unit Cuts Forest Assets

Gerdau Unit Cuts Forest Assets

Brazil M&A

Gerdau subsidiary Seiva Florestas e Industrias has sold its 46% stake in Maco Holdings to Acoter Participacoes for BRL104.9m ($52m), it says. Seiva exits its reforestation assets in southern Brazil with the Maco sale, in order to focus on steel opera

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