Brazil's CSN may have strategic investor in its energy unit - CEO

Companhia Siderurgica Nacional SA

16/08/2022 16:18

SAO PAULO, Aug 16 (Reuters) - Brazilian steelmaker Companhia
Siderurgica Nacional  CSNA3.SA  will consider bringing a
strategic investor to its energy business, Chief Executive
Benjamin Steinbruch told analysts on Tuesday.
    CSN, as the company is known,  acquired last month for $179
million power generator CEEE-G, privatized by the Brazilian
southern state of Rio Grande do Sul. CSN decided to bid on its
own after its partner, France's EDF  EDF.PA  dropped out.
 urn:newsml:reuters.com:*:nL1N2ZA278 urn:newsml:reuters.com:*:nL1N2Z81TW.
    Since then, CSN has also mentioned a potential IPO of the
unit.  urn:newsml:reuters.com:*:nL1N2ZF2VB. 
    
    ($1 = 5.1430 reais)

 (Reporting by Alberto Alerigi Jr.; Writing by Tatiana Bautzer
Editing by Marguerita Choy)
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