Gerdau Pref ADR (GGB) news

GAN: We work with like-minded countries we can trust

GAN has emphasized its strategic focus on collaborating with like-minded countries and partners it can trust, reflecting a broader trend in global business and technology alliances. This approach aligns with the company’s recent expansion efforts, including a distribution agreement in Japan and…

Brazil's Gerdau: BlackRock increases stake in the company to some 10% of preferred shares - Filing

BlackRock has increased its stake in Gerdau SA, a Brazil-based steel manufacturer, to approximately 10% of the company’s preferred shares, according to a recent filing. The investment firm now holds a significant position in the company, reflecting confidence in its operations and market position.…

Brazil's Metalurgica Gerdau: BlackRock's stake in the company exceeds 5% - Filing

According to a recent filing, BlackRock has increased its stake in Brazil's Metalurgica Gerdau to over 5% of the company’s shares. The move indicates a significant shift in institutional ownership and may signal confidence in the company’s strategic direction or market performance. The filing,…

Gerdau raises credit facility to $1.13B from $875M

Gerdau, subsidiaries strike global credit line

Gerdau S.A. and its subsidiaries have secured a global credit line to support operational and strategic initiatives, according to a recent announcement. The credit facility is intended to provide financial flexibility amid evolving market conditions and to ensure liquidity across the company’s…