CSN announced this Wednesday a non-binding agreement to sell a stake of up to 11% in its mining company to the Japanese company Itochu, according to a relevant fact to the market.
The company stated that the board of directors approved Itochu’s non-binding proposal for the stake in CSN Mineração, but that “the consummation of the potential operation is subject to the prior approval” of both companies.
“CSN understands that CMIN’s governance and control structure will not be affected,” stated the Brazilian industrial group.
(By Alberto Alerigi Jr.)
