10
May
07:43
CSN sells 50% of Usiminas shareholding
Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) says it has divested almost 50% of its preferred shares in fellow steel producer Usiminas.
Before the transaction, CSN held 20.29% of the preference stock following its acquisition in 2011. The company also has a 15.19% stake in the voting shares of Usiminas, Kallanish notes.
On 7 May, CSN sold 56,000,000 preferred shares issued by Usiminas, reducing its participation, directly and indirectly, to 10…
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