Gerdau proposes $57 mln acquisition of France's Ascometal

Reuters

April 7 (Reuters) - Gerdau SA, Brazil's largest producer of long steel products, made a preliminary proposal to take over operations of Ascometal, a specialty steel producer in France, for 41.5 million euros ($57 million), according to a securities filing on Monday. (1 euro = 1.37 dollars)

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