Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Companhia Siderúrgica Nacional    CSNA3   BRCSNAACNOR6

COMPANHIA SIDERÚRGICA NACIONAL

(CSNA3)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Companhia Siderúrgica Nacional : Material Fact

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/14/2018 | 09:18pm EDT

COMPANHIA SIDERÚRGICA NACIONAL

Publicly-Held Company

Corporate Taxpayer's ID (CNPJ MF): 33.042.730/0001-04

Company Registry (NIRE): 35-3.0039609.0

MATERIAL FACT

COMPANHIA SIDERÚRGICA NACIONAL ("Company" or "CSN") hereby informs its shareholders and the market in general that the Board of Directors approved, on this date, the sale, by its wholly-owned subsidiary CSN Steel S.L.U, total interest in Companhia Siderúrgica Nacional, LLC, ("LLC"), a company located in the United States with operations in stripping, cold rolling and galvanizing of flat steel, to Steel Dynamics, Inc. ("SDI") ("Transaction").

The base value of the Transaction, to be carried out on a debt and cash-free basis, and subject to adjustments established in the purchase and sale agreement entered into between the parties ("Agreement"), is US$ 400,000,000,00 (four hundred million dollars). This amount will be paid at closing, which is expected to occur within 90 days, subject only to the fulfillment of certain precedent conditions provided in the Agreement, common in this type of operation, including the authorization of United States regulating bodies (Federal Trade Commission and Department of Justice).

After closing, the purchase price will be adjusted according to the target working capital, defined in the Contract as US$ 60,000,000 (sixty million dollars). Based on the most up-to-date working capital of LLC, the final result of the Transaction, considering the sum of the base value and working capital adjustment, will be a reduction of CSN's net indebtedness of R$1.8 billion, considering the current exchange rate.

The Transaction is part of CSN's divestiture and deleverage plan, as already disclosed by the Company. CSN will maintain its commercial import and distribution activities in the North American market, through another subsidiary, to be set up for this purpose.

SDI was founded in 1993, and is currently one of the largest steel producers and recyclers in the United States, having in its portfolio hot and cold rolled products, coated steel sheets and long steels, among other products, as well as the production of liquid pig iron, processing and sale of ferrous and non-ferrous scrap.

The Company will keep the market informed on the progress of this Transaction.

São Paulo, May 14th 2018.

Marcelo Cunha Ribeiro

Chief Financial and Investor Relations Officer

Disclaimer

CSN - Companhia Siderúrgica Nacional published this content on 14 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2018 00:17:06 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMPANHIA SIDERÚRGICA NACI
03/12COMPANHIA SIDERÚRGICA NACIONAL : Description Amended Report of Foreign Issuer
PU
03/12COMPANHIA SIDERÚRGICA NACIONAL : Description Amended Report of Foreign Issuer
PU
03/12COMPANHIA SIDERÚRGICA NACIONAL : Description Report of Foreign Issuer
PU
03/08COMPANHIA SIDERÚRGICA NACIONAL : Description Report of Foreign Issuer
PU
03/01COMPANHIA SIDERÚRGICA NACIONAL : Description Amended Report of Foreign Issuer
PU
02/25COMPANHIA SIDERÚRGICA NACIONAL : Description Report of Foreign Issuer
PU
02/22COMPANHIA SIDERÚRGICA NACIONAL : Description Report of Foreign Issuer
PU
02/20COMPANHIA SIDERÚRGICA NACIONAL : Description Report of Foreign Issuer
PU
02/08COMPANHIA SIDERÚRGICA NACIONAL : Description Report of Foreign Issuer
PU
01/31Glencore nears $500 million deal to buy iron ore from Brazil's CSN - sources
RE
More news
Financials (BRL)
Sales 2019 23 932 M
EBIT 2019 5 054 M
Net income 2019 2 936 M
Debt 2019 23 736 M
Yield 2019 4,04%
P/E ratio 2019 7,14
P/E ratio 2020 9,27
EV / Sales 2019 1,90x
EV / Sales 2020 1,84x
Capitalization 21 618 M
Chart COMPANHIA SIDERÚRGICA NACIONAL
Duration : Period :
Companhia Siderúrgica Nacional Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COMPANHIA SIDERÚRGICA NACI
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 12,0  BRL
Spread / Average Target -23%
EPS Revisions
Managers
NameTitle
Benjamin Steinbruch Chairman & Chief Executive Officer
Marcelo Cunha Ribeiro CFO & Executive Director-Investor Relations
Fernando Perrone Independent Director
Yoshiaki Nakano Independent Director
Antonio Bernardo Vieira Maia Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
COMPANHIA SIDERÚRGICA NACIONAL76.24%5 679
ARCELORMITTAL7.05%22 441
POSCO--.--%19 859
NUCOR13.53%17 758
NIPPON STEEL & SUMITOMO METAL CORP7.67%17 154
NOVOLIPETSK STEEL PAO--.--%15 742