CSN Seen Encountering Diversification Risk
Dec 22, 2009
CSN’s bid for Portuguese cement maker Cimpor could distract it from its core business, according to Fitch, which notes pressure on the Brazilian steelmaker’s investment grade rating. “Cement is a relatively new area of operations for CSN and could divert management's attention from its profitable steel and iron ore operations,” says the agency. “Absent equity...
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