USIMINAS’ weighting in the IBOVESPA index is 5.16%, ranking fourth amongthe rest of constituents. The company will add a market capitalisation of € 4.3bn to the market (at 31/ 03/ 2005).
With this new listing, Latibex increases its representation of the steel sector,encompassing 34 stocks from 7 Latin American countries - Argentina, Brasil,Chile, Mexico, Panama, Peru and Puerto Rico – thus consolidating itself as thethird largest market for Latin American stocks by market capitalisation.
The company’s shares will be grouped in trading units of 1 stock under thetrading code XUSI. Espirito Santo Investment will act as the specialistintermediary for the stock.
“USIMINAS’ goal is to list its shares on the European market and thus facilitatemarket access for the European financial community. In addition to this, thecompany confirms its commitment with the international capital market,leveraging itself as one of the leading players in the global steel industry”, saidUSIMINAS CEO, Rinaldo Campos Soares.
USIMINAS is Brazil’s biggest steel company. It is the leader company ofUSIMINAS System, one of the world’s 20 biggest steel groups, whose affiliatedcompanies are involved not only in the steel business, but also in businessareas in which steel plays a strategic role. Its production capacity amounts to9.5 million tons of steel a year. In 2004 the company’s turnover came in at $ 4.2bn on net profits of $ 1 bn.
On July, 5 at 11:30 CET, USIMINAS CEO, Ronaldo Campos Soares, willperform an honour market opening on the occasion of the company’s firsttrading day. Afterwards, accompanied by his team, he will give a presentationabout the company to investors, analysts and the media at the Bolsa deMadrid’s Conference Hall.
USIMINAS will be included in the FTSE Latibex All Share Index, whichcomprises all the companies listed on the Latibex market. The calculation anddissemination of the index will be carried out in collaboration with FTSE, theindex calculation and dissemination company.
