CSN confirms hiring of advisory services for the possible acquisition of Samarco

The company informs that “there is no binding fact or document that deserves disclosure”, but states that the financial advisory will evaluate “alternatives that may eventually be presented for the acquisition of a stake in the aforementioned mining company”

THE CSNconfirmed the engagement of financial advisors to evaluate investment opportunities in line with its business strategy, including a possible acquisition of Samarcosays in a statement sent to the Securities and Exchange Commission (CVM).

According to CSN, the news published in Value that he is preparing a plan to stay with Samarco is part of the context, already known to the market, of the restructuring of the debt of the mining company Samarco. CSN says it was asked about the report.

“Therefore, at this moment, it reiterates that there is no binding fact or document that deserves disclosure under the terms of the legislation in force, but confirms that it hired the financial advisor to assess the situation, and the alternatives that may eventually be presented for the acquisition of a stake in the company. said mining company”, says CSN.

O Value reported that the CSN group is preparing a plan that is a solution to the imbroglio that Samarco’s judicial recovery has become. The idea is to converge the interests of both Vale and BHP Billiton Brasil shareholders and financial creditors, and CSN hired the consultancy of Ricardo K., specialized in financial restructuring and corporate disputes, found the Value.

CSN reiterated, with a notice to the market, its commitment to keep its shareholders and the market informed, and, in the event of any act that constitutes a material fact, it will proceed with the disclosure.

Source: Valor Econômico