May 15, 2018 / 3:45 PM / a year ago

Brazil's CSN plans more asset sales this year, CEO says

SAO PAULO, May 15 (Reuters) - The Chief Executive Officer of Brazilian steelmaker Companhia Siderurgica Nacional told analysts on Tuesday the company plans to sell up to 4 billion reais ($1 billion) in assets by the end of the year.

Benjamin Steinbruch said the company is willing to sell assets such as a stake in rival steelmaker Usinas Siderurgicas de Minas Gerais, a port terminal in the state of Rio de Janeiro and its Portuguese subsidiary Lusosider Aços Planos SA.

CSN announced late on Monday the sale of its U.S. unit for $400 million.

$1 = 3.6696 reais Reporting by Alberto Alerigi; Writing by Tatiana Bautzer Editing by Chizu Nomiyama

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