Shearman & Sterling is representing the joint global coordinators and bookrunners on concurrent Brazilian equity deals. Itaú USA Securities and JP Morgan Securities are leading a syndicate of international underwriters on simultaneous offerings by Brazilian steelmaker Gerdau Group. There are four placements in all, including preferred shares and American depositary shares, raising $2.5 billion in total. The proceeds are expected to finance Gerdau's expansion and acquisition efforts.
June 17 2008