CSN confirms interest in Samarco

CSN confirms interest in Samarco

Corporate & Sovereign Strategy Equity Debt M&A Australia Brazil Capital Markets

Brazilian steelmaker CSN said Wednesday that it has hired a financial adviser to evaluate the possible acquisition of local iron ore mining company Samarco Mineração, a joint venture between Vale and BHP. Local newspaper O Globo reported earlier this week that CSN was interested in buying Samarco, while Reuters said the steelmaker had hired restructuring firm RK Partners to prepare an offer. Vale and BHP said in a joint statement on Monday that Samarco was not for sale and added that they backed

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