Companhia Siderúrgica Nacional reported the night before that it had signed a memorandum of understanding to buy half of the land on which Ford’s engine plant operated in Taubaté, inland from São Paulo.
The value of the deal that CSN must define with São José Desenvolvimento Imobiliário was not communicated in a communication to the market published after CVM questioned the steel group.
CSN’s goal with the transaction is an “eventual transfer” of one of the units of the group’s canmaker, Prada, according to the statement.
“Concluding the transaction is still subject to several conditions, such as the respective approval by the Economic Defense Board (Cade), and the installation of Prada on the property still depends on obtaining approvals from the authorities state and municipal governments,” he said. CSN.
According to CSN, Prada’s business in the coating of boxes, cans and steel materials represents about 2% of the group’s consolidated revenues.
Source: Terra
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