Brazil's CSN to sell up to 11% of mining unit to Japan's Itochu

Companhia Siderurgica Nacional SA

16/10/2024 13:06

SAO PAULO, Oct 16 (Reuters) - Brazilian steelmaker CSN
 CSNA3.SA  said on Wednesday that it has reached a non-binding
agreement to sell a stake of up to 11% in its mining unit CSN
Mineracao  CMIN3.SA  to Japan's Itochu Corp  8001.T .
    The company said in a securities filing that its board of
directors has approved Itochu's non-binding offer, but that the
conclusion of a potential transaction still depends on
additional corporate and antitrust green light.

 (Reporting by Alberto Alerigi Jr.; Editing by Gabriel Araujo)
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