Brazil's CSN rebids for ThyssenKrupp steel assets - source
RIO DE JANEIRO
RIO DE JANEIRO (Reuters) - Brazilian steelmaker CSN, or Cia Siderúrgica Nacional SA (CSNA3.SA), has resubmitted a bid for assets belonging to Germany's ThyssenKrupp AG (TKAG.DE), a source familiar with the subject told Reuters on Friday.
In recent months, CSN offered $3.8 billion for ThyssenKrupp's Steel Americas, which is comprised of a slab processing plant in the U.S. state of Alabama and a 73-percent stake in Brazilian slab-making mill CSA.
Mining group Vale SA (VALE5.SA) holds the remaining 27 percent stake in CSA.
Vale and Brazil's state-run development bank BNDES have been involved in the negotiations, the source said on condition of anonymity, without giving further details of the latest offer.
CSN declined to comment on the subject. A spokesman for ThyssenKrupp could not immediately be reached for comment.
CSN has been looking for ways to make BNDES a partner in the acquisition, Reuters has reported recently. There has been speculation for months that Brazil's government would support a deal.
(Reporting by Sabrina Lorenzi, additional reporting by Brad Haynes in Sao Paulo; editing by Andre Grenon, G Crosse)
WASHINGTON - A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.