Companhia Siderurgica Nacional (SID.N)
25 Jul 2016
SAO PAULO, July 13 Steelmaker Cia Siderúrgica Nacional SA will sell its stake in rival Usinas Siderúrgicas de Minas Gerais SA, Brazil's No. 2 producer of flat steel, only after it minimizes losses on its 4 billion-real ($1.22 billion) investment, executives said on Wednesday.
SAO PAULO, July 13 Executives of Brazilian steelmaker CSN on Wednesday questioned the business relationship between controlling shareholders of steel rival Usiminas, in which CSN is a minority shareholder.
SAO PAULO, June 17 A judge in Brazil has overturned an appeal ruling and decided to reinstate permission for steelmaker CSN to make appointments to the board of rival Usiminas, in which CSN has a stake.
SAO PAULO, June 9 Breaking up Brazilian steelmaker Usiminas because of a dispute between controlling shareholders is not the best option, the chief executive of rival steelmaker CSN, which owns shares in Usiminas but is outside the controlling bloc, said on Thursday.
(The following statement was released by the rating agency) CHICAGO, May 19 (Fitch) Fitch Ratings has recalibrated its Brazilian National Ratings scale following successive downgrades of the sovereign over the last six months. The recalibration has resulted in several national scale rating revisions for issuers in various sectors including financial institutions, corporates, insurance and public finance. Revision ratings are used to modify ratings for reasons that are not related to credit
SAO PAULO, May 11 A Brazilian judge has suspended a Thursday board meeting at steelmaker Usiminas scheduled to select senior management, court documents showed on Wednesday, as a bruising boardroom fight continues to weigh on a difficult turn-around.
May 5 Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui, Bloomberg reported.
SAO PAULO, April 28 Brazilian steelmaker Usiminas appointed Elias Brito as chairman on Thursday in a rare unified vote between two controlling shareholders that have been battling for control of the company for 18 months.
SAO PAULO, April 28 Shareholders in Usinas Siderurgicas de Minas Gerais SA picked Elias Brito, the candidate endorsed by one of the Brazilian steelmaker's controlling partners, as chairman, replacing Marcelo Gasparino, two sources with direct knowledge of the decision said on Thursday.
SAO PAULO, April 28 Shareholders in Usinas Siderurgicas de Minas Gerais SA picked Elias Brito, the candidate endorsed by one of the Brazilian steelmaker's controlling partners, as chairman, replacing Paulo Penido Marques, two sources with direct knowledge of the decision said on Thursday.