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News Companhia Siderúrgica Nacional plans cement subsidiary public listing

Companhia Siderúrgica Nacional plans cement subsidiary public listing

Written by Global Cement staff 15 December 2020
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Brazil: Companhia Siderúrgica Nacional (CSN) plans to launch an initial public offering (IPO) for shares in its cement division in early 2021. The Valor Econômico newspaper reported that the company will reorganise its shareholding when it creates a publically-traded subsidiary for the business. In October 2020 the group filed an IPO with the Securities and Exchange Commission of Brazil for the sale of its mining division by mid-February 2021.

Chief financial Officer Marcelo Ribeiro said, “The opportunity to expand the unit is materialising more and more, but the truth is the decision to expand will be made once the market firms up, which is expected to happen.”

Last modified on 16 December 2020
Published in Global Cement News
Tagged under
  • Brazil
  • Companhia Siderúrgica Nacional
  • CSN
  • IPO
  • shareholders
  • CSN Cimentos
  • corporate
  • GCW486
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