COMPANHIA SIDERÚRGICA NACIONAL (BOVESPA: CSNA3; NYSE: SID) (“Company”), hereby informs its shareholders and market participants that, in complement to the statement of material fact dated 23 August 2016, it has closed the sale of one hundred percent (100%) of the shares issued by the Company’s subsidiary Cia. Metalic do Nordeste, with Corporate Taxpayers’ ID (CNPJ/MF) 01.183.070/0001-95, to Can-Pack Brasil Indústria de Embalagens Ltda., a Brazilian subsidiary of Can-Pack S.A., a Polish metal packaging producer.
The amount received by the Company is BRL 372,536,929.29, (three hundred and seventy-two million, five hundred and thirty-six thousand, nine hundred and twenty-nine Brazilian Reais, and twenty-nine cents), fully paid in cash in Brazilian Reais. Said amount is subject to a post-closing adjustment agreed in the share purchase agreement entered into by the Company and Can-Pack S.A.
Bradesco BBI and BB Banco de Investimento have acted as financial advisors to the Company in connection with the transaction.
To access the full PDF version, please, click here.
São Paulo, 30 November 2016
David Moise Salama
Investor Relations Officer