CSN Mum on Namisa Sale

CSN Mum on Namisa Sale

Asia

CSN executives say they are not ready to unveil any news regarding the potential sale of its Namisa iron ore mining unit. A Japanese daily reports that a consortium led by Nippon Steel and Itochu are set to acquire a 40% stake in the project for JPY400bn, which would value the asset at around $10bn. CSN executives would not comment on the story, saying they are not ready to discuss the deal. CFO Otavio Lazcano was heard in New York earlier this month seeking to close a sale and was rumored to be

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