Brazil's CSN on Thyssenkrupp steel interest: always assessing opportunities

Companhia Siderurgica Nacional SA

22/03/2023 11:40

DUESSELDORF, March 22 (Reuters) - Brazilian steelmaker
Companhia Siderurgica Nacional (CSN)  CSNA3.SA  is always
scanning the market for assets, it said on Wednesday, responding
to a report that it was among parties interested in the steel
business of Thyssenkrupp  TKAG.DE .
    Sources said on Tuesday that CSN was interested in
Thyssenkrupp Steel Europe, which the German conglomerate has
been trying to divest for several years, but that no official
negotiations have started.
    "The Company clarifies that it always evaluates investment
opportunities in line with its business strategy, but that at
this moment there is no binding fact or document that deserves
disclosure to the market under the terms of the legislation in
force," CSN said, adding that it would inform shareholders and
the market if this changed.
    Thyssenkrupp's supervisory board is expected to discuss
efforts to sell the steel business at a meeting scheduled for
March 31, with some labour representatives favouring a scenario
under which it will remain part of the group.

 (Reporting by Tom Kaeckenhoff and Christoph Steitz, Editing by
Friederike Heine)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))