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Brazilian steelmakers move overseas.(Brief Article)
America's Insider, November, 2000
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RIO DE JANEIRO --Brazilian steel company Belgo Mineira plans to buy a stake in leading Argentine steel company Acindar. A sharp rise in Acindar stock helped bolster the weak Argentine stock market. Belgo, which controls 35% of the Brazilian steel market and earned a profit of about $285 million for the first nine months of 2000, said it would buy $100 million worth of Acindar stock.
Belgo President Antonio Jose Polanczyk said he ...
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