2003.03 – Sumitomo – SC Steel – Website

Sumitomo sells minority interest in Gerdau Ameristeel Corp

“When our North American Steel Division had to dispose of a minority interest in a publicly quoted company in a very short period of time, I had no hesitation in recommending Bryant Park Capital. BPC previously had advised Sumitomo on the successful sale of a troublesome subsidiary in a completely different sector and, I am glad to say, they did an equally good job of arranging for our steel division to sell its entire shareholding via a “block trade” in the public markets within the time and pricing constraints imposed by our year end deadline.”

Takahiro Izuta, General Manager Investment Development Dept., Sumitomo Corporation

March, 2003 – SC Steel Investment Inc., a wholly owned subsidiary of Sumitomo Corporation, has sold its minority shareholding in Gerdau Ameristeel Corp.  Bryant Park Capital acted as an exclusive financial advisor to Sumitomo Corporation and arranged for the sale of the shares.