Brazil’s CSN to sell up to 11% of mining unit to Japan’s Itochu

Brazilian steelmaker CSN said on Wednesday that it has reached a non-binding agreement to sell a stake of up to 11% in its mining unit CSN Mineracao to Japan’s Itochu Corp.

The company said in a securities filing that its board of directors has approved Itochu’s non-binding offer, but that the conclusion of a potential transaction still depends on additional corporate and antitrust green light.

(By Alberto Alerigi Jr.; Editing by Gabriel Araujo)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Brazil’s CSN to sell up to 11% of mining unit to Japan’s Itochu

By Reuters

Reuters

Reuters

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

CPI, ECB rate decision could be the catalyst gold needs, with $2,708 the key resistance – StoneX’s Razaqzada