CSN cement unit files for IPO

CSN cement unit files for IPO

IPO Equity Corporate & Sovereign Strategy Capital Markets Rule 400 Brazil

Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) said Tuesday that its cement division CSN Cimentos has filed for an initial public offering (IPO) on the B3 stock exchange in São Paulo. CSN Cimentos will determine "in due course" the number of common shares it will issue and the price per share in the IPO, the parent company said in a securities filing.  CSN did not say if it has hired any banks to coordinate the offering, but press reports named Bradesco BBI and JPMorgan as the likely

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