The controlling shareholders of Brazilian steelmaker Usiminas (USIM5.SA) could agree to split the company's assets and go their separate ways over the next year in a last ditch attempt to resolve an ongoing battle for control, a source familiar with the matter told Reuters.
The division would see Japan's Nippon Steel & Sumitomo Metal Corporation (5401.T) take the 4 million-tonne-per-year Ipatinga mill, while Italo-Argentine Techint would keep the Cubatao plant, which also has an annual capacity of 4 million tonnes but has been shut since the start of the year.
"Nippon has already concluded that it's necessary to have a divorce," the source said late on Wednesday on condition of anonymity. "This has to happen within a year, there's no longer a climate of conviviality or trust."
Nippon Steel in Brazil declined to comment. Spokespeople for Techint did not immediately respond to requests for comment.
Nenhum comentário:
Postar um comentário