Brazilian steelmaker Companhia Siderurgica Nacional (CSN) has postponed until 2017 the sale of a stake at its Sepetiba Tecon terminal, a media report said this week.
The prices offered by investors for the terminal were reportedly not attractive enough for the company.
Additionally, the CSN is reportedly interested in securing a higher stake at the asset for a little more while, since domestic demand for steel remains sluggish. According to the media report, CSN is said to be looking to invest in other container terminals.
CSN maintained talks with a number of potential investors, but didn’t reach an agreement on the sale of the asset. Interested parties included PSA, Terminal Link, Yildirim and Multiterminais.
The sale of its Sepetiba Tecon terminal is part of CSN’s strategy to reduce its debt.