CSN Said to Offer US$3 Billion for ThyssenKrupp Plants
12/04/2012 - Cia. Siderurgica Nacional SA, Brazil’s third-largest steelmaker by output, offered about US$3 billion to buy the two ThyssenKrupp AG’s plants in the Americas, according to two people familiar with the matter, Bloomberg reports.
Cia. Siderurgica Nacional SA, Brazil’s third-largest steelmaker by output, offered about US$3 billion to buy the two ThyssenKrupp AG’s plants in the Americas, according to two people familiar with the matter.
CSN, as the Sao Paulo-based company is known, is among two companies that will participate in the final round of negotiations, said one of the people, who asked to not be identified because the discussion is private. Ternium SA, the second-largest steelmaker in Latin America, also remains in negotiations, the people said.
ThyssenKrupp, Germany’s biggest steelmaker, initially attracted about eight bids for the unprofitable U.S. and Brazilian plants, two people familiar with the matter said on 11 October. About six bidders remained after ThyssenKrupp asked them to resubmit higher bids, two people familiar with the matter said on 19 Noember.. Now only two bidders have proposals, the people said...
