# CSN forms strategic partnership with consortium for Namisa stake

Companhia Siderúrgica Nacional (CSN) established a strategic partnership with a consortium including ITOCHU, Nippon Steel, JFE Steel, POSCO, Sumitomo Metal Industries, Kobe Steel and Nisshin Steel to acquire 40% of Namisa for US$3.12 billion. The parties expect to sign final documentation on October 21, 2008.

- Type: Partnership
- Announced: 2018-11-30
- Where: Brazil
- Value: $3.12B
- Status: announced
- Products: mining products, port services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Companhia Siderúrgica Nacional](https://endata.com/companies/15067.md)
- [ITOCHU](https://endata.com/companies/1234.md) (partner)
- [Kobe Steel](https://endata.com/companies/6583.md) (partner)
- [Nippon Steel](https://endata.com/companies/7455.md) (partner)
- [POSCO](https://endata.com/companies/8856.md) (partner)
- [JFE Steel Corporation](https://endata.com/companies/19688.md) (partner)
- [Nisshin Steel](https://endata.com/companies/21794.md) (partner)
- [Sumitomo Metal Industries](https://endata.com/companies/35824.md) (partner)
- [Nacional Minérios S.A.](https://endata.com/companies/35825.md) (target)

## Sources

- [ri.csn.com.br](https://ri.csn.com.br/en/noticia/information-on-the-namisa-deal/), 2018-11-30: "The transaction consists in the acquisition of 40% of the total capital of Nacional Minérios S.A. ("Namisa"), a subsidiary of CSN, for the aggregate amount of approximately US$ 3.12 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.