Nippon Steel seeks advisers for split of Brazil's Usiminas, sources say
August 24, 2016 at 12:26 PM EDT
SAO PAULO, Aug 24 (Reuters) - Nippon Steel and Sumitomo Metal Corp is working on a plan to split Usinas Siderúrgicas de Minas Gerais SA (Usiminas) into two separate units, in a last ditch attempt to end a two-year battle with Techint Group for control of the Brazilian steelmaker, two people familiar with the matter said on Wednesday.