Brazil's Usiminas says shareholders willing to inject capital

viernes 11 de marzo de 2016 08:27 GYT

BRASILIA, March 11 (Reuters) - Nippon Steel & Sumitomo Metal Corp is ready to inject 1 billion reais ($274.58 million) into Brazilian steelmaker Usinas Siderurgicas de Minas Gerais Sa as part of a capital increase proposal, Usiminas said in a statement on Friday.

The other Usiminas controlling shareholder, Italy's Techint Group, has notified Usiminas about its intention to purchase up to 500 million reais in shares in the capital increase.

($1 = 3.6419 Brazilian reais) (Reporting by Silvio Cascione)