Brazilian Steelmaker CSN Sells German Mill to Megasa for $616M
1 report, 1 independent
Updated Sat 00:00
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What happened
Companhia Siderúrgica Nacional agreed to sell its German steel mill, Stahlwerk Thüringen, to Megasa for approximately US$616 million, or €550 million. The sale was disclosed via a material fact filing with CVM, Brazil’s securities regulator, on October 9, 2026.
From riotimesonline.com
Why it matters
The transaction is intended by Companhia Siderúrgica Nacional to reduce its heavy debt load. Since CSN’s shares trade on the New York Stock Exchange, the divestiture is a material corporate action that affects the company's valuation.
From riotimesonline.com
Who's involved
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The entities involved
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New York Stock Exchange
American stock exchange
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São Paulo
Municipality of São Paulo state, Brazil
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