BlackRock Reduces Stake in Usiminas as Stock Faces 30% Decline

BlackRock has strategically reduced its ownership in Usiminas (USIM5) to 4.928%, now holding 26.9 million class A preferred shares. The investment giant maintains its position purely for investment purposes, without seeking control changes or administrative restructuring. The steel manufacturer’s stock has experienced a significant decline of 32% this year. Despite this downturn, Morgan Stanley sees […]

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