Tenaris group to acquire share in major Brazilian steel producer, via local subsidiary

Tenaris S.A., the parent company of Italian gas cylinder manufacturer TernarisDalmine, has announced that its Brazilian subsidiary has bought into a leading Brazilian steel producer. The subsidiary, Confab Industrial S.A. (Confab), completed an acquisition of 25 million ordinary shares of Usiminas. ... Source: http://bit.ly/z0VaK0