CSN completes the sale of assets in the United States for $ 400 million

CSN: The company stresses that it will maintain its commercial import and distribution activities in the North American market (Ricardo Azoury / Companhia Siderúrgica Nacional ( CSN ) announces that it has concluded on Friday the sale of the entire interest in Companhia Siderúrgica Nacional, LLC, a company located in ] In the United States for Steel Dynamics, Inc., for 400 million US dollars, this which equates to approximately R $ 1.5 billion.

In an important fact sent to the Brazilian Securities Commission (CVM), the company stresses that the final value of the transaction will always be subject to a post-closing adjustment based on working capital at that date, occurring within 100 days.

"It is expected that the result of the transaction, taking into account the amount received at the closing and the adjustment of the fund t is a total reduction in CSN's net debt of about R $ 1.8 billion, taking into account the current exchange rate, "says the company.

The company emphasizes that it will maintain its import and distribution business on the important North American market via another incorporated subsidiary. to this end.