A Brazilian steel giant has put its ports, a railway stake and a logistics firm up for sale, a multibillion-dollar deal aimed at cutting a heavy debt load.
Brazil · Corporates
Key Facts
—The move. CSN, one of Brazil’s largest steelmakers, has formally launched the sale of a package of infrastructure and logistics assets.
—The assets. The package bundles port terminals in Rio de Janeiro, a stake in railway operator MRS and a logistics firm called Tora.
—The price. Reports put the potential proceeds at R$12bn to R$13bn ($2.4bn to $2.6bn), more than CSN’s entire stock-market value.
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