Brazilian steelmaker Companhia Siderurgica Nacional (CSN) is considering a partnership for its Sepetiba Tecon terminal, according to several media reports.
The indebted company, which last year was looking to sell non-core assets, including the Sepetiba Tecon terminal, is now considering a potential partnership as a better option for the asset.
A media report said CSN could partner with a company specialized in the operation of ports. The potential partner would be responsible for maintaining the asset’s operation. Wilson Sons, PSA, SAAM, Terminal Link (which is associated with Logz), Santos Brasil and Multiterminais are the six groups in consideration.
CSN should receive binding proposals by the end of the month. The deal is expected to be reached by the end of the semester.
Some of these potential partners, including PSA, SAAM, Wilson Sons and Logz, sent proposals earlier this year to buy the asset, before a partnership was considered.
At the time, media reports said the terminal could be sold for up to BRL 1 billion. The Sepetiba Tecon is a container terminal located in the bay of Sepetiba at the Itaguaí port, in the state of Rio de Janeiro.