Brazil's Usiminas completes first leg of plan to raise capital
SAO PAULO, June 16 (Reuters) - Usinas Siderúrgicas de Minas Gerais SA said on Thursday that the first round of a capital injection plan raised 841.595 million reais ($243 million), a key step to help Brazil's largest listed flat steelmaker refinance debt and fight its worst crisis in decades.
In a securities filing, Usiminas said that additional allotments could be subscribed by shareholders until June 23, when the capital injection plan must be finalized. The company aims to fetch 1 billion reais with the process.
($1 = 3.4656 Brazilian reais) (Reporting by Guillermo Parra-Bernal; Editing by Alan Crosby)
© Thomson Reuters 2016 All rights reserved.