CSN to Sell Minority Stake in Subsidiary

Companhia Siderúrgica Nacional (SID) has released an update.

Companhia Siderúrgica Nacional (CSN) has announced the approval of a non-binding proposal with Itochu Corporation to sell up to an 11% minority stake in its subsidiary, CSN Mineração. This potential transaction is contingent upon approvals from both companies and Brazilian regulatory authorities, but CSN assures that the governance of CSN Mineração will remain unchanged. Investors and stakeholders will be kept informed about the progress of this deal.

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