26
Aug
08:54
CSN confirms working on IPO for mining arm
Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) confirms it is working on an initial public offering for its iron ore production business, CSN Mineração, Kallanish notes. This follows a Valor Economico report that stated the company has hired banks to manage the IPO.
According to media, Bank of America, XP Inc., Banco BTG Pactual and Morgan Stanley will manage the offering that could raise up to BRL 10 billion ($1.81 billion).
CSN s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous