Wednesday, August 24, 2016

Nippon Steel seeks advisers for split of Brazil's Usiminas, sources say

SAO PAULO, Aug 24 (Reuters) - Nippon Steel and Sumitomo

Metal Corp is working on a plan to split Usinas

Siderúrgicas de Minas Gerais SA (Usiminas) into two

separate units, in a last ditch attempt to end a two-year battle

with Techint Group for control of the Brazilian steelmaker, two

people familiar with the matter said on Wednesday.

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