Gerdau says buyout of units taking place at adequate valuation
July 17, 2015 at 14:06 PM EDT
SAO PAULO, July 17 (Reuters) - Gerdau SA, the largest steelmaker in the Americas, said on Friday that a plan to spend 1.986 billion reais ($621 billion) buying out four units in a broad reorganization program took place under adequate valuations and market conditions.