May 15, 2018 / 3:48 PM / in 7 months

Brazil's CSN plans more asset sales this year, CEO says

SAO PAULO, May 15 (Reuters) - The Chief Executive Officer of Brazilian steelmaker Companhia Siderurgica Nacional told analysts on Tuesday the company plans to sell up to 4 billion reais ($1 billion) in assets by the end of the year.

Benjamin Steinbruch said the company is willing to sell assets such as a stake in rival steelmaker Usinas Siderurgicas de Minas Gerais, a port terminal in the state of Rio de Janeiro and its Portuguese subsidiary Lusosider Aços Planos SA.

CSN announced late on Monday the sale of its U.S. unit for $400 million.

$1 = 3.6696 reais Reporting by Alberto Alerigi; Writing by Tatiana Bautzer Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below