Companhia Siderúrgica Nacional (SID) has released an update.
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Companhia Siderúrgica Nacional has approved the sale of 589,304,801 common shares of CSN Mineração to Itochu Corporation for approximately R$ 4.42 billion. This transaction, approved by the Brazilian Administrative Council for Economic Defense, will take place on November 12, 2024, without altering CMIN’s governance structure. CSN will keep stakeholders informed about any further developments.
For further insights into SID stock, check out TipRanks’ Stock Analysis page.
