CSN Continues to Raise Usiminas Stake

CSN Continues to Raise Usiminas Stake

Brazil M&A

Brazil's Companhia Siderurgica Nacional (CSN) has again raised its stake in competitor Usinas Siderurgicas de Minas Gerais (Usiminas). The steelmaker now owns 20.14% of the preferred shares of Usiminas and 11.66% of its ordinary shares. CSN, long the

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