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Brazil's CSN may have strategic investor in its energy unit - CEO

Reuters
Updated ·1 min read

SAO PAULO, Aug 16 (Reuters) - Brazilian steelmaker Companhia Siderurgica Nacional will consider bringing a strategic investor to its energy business, Chief Executive Benjamin Steinbruch told analysts on Tuesday.

CSN, as the company is known, acquired last month for $179 million power generator CEEE-G, privatized by the Brazilian southern state of Rio Grande do Sul. CSN decided to bid on its own after its partner, France's EDF dropped out. .

Since then, CSN has also mentioned a potential IPO of the unit..

($1 = 5.1430 reais) (Reporting by Alberto Alerigi Jr.; Writing by Tatiana Bautzer Editing by Marguerita Choy)