BRIC Suitors Court CSN’s Namisa

Several global mining and steel companies are eyeing Namisa, a collection of assets belonging to Brazil’s CSN which the company says make up an integrated mining complex, including a mine and logistics to the ocean. Among the suitors are Russian steel company SeverStal, Indian miner Essar, China’s Shagang Group, say bankers away from the process. Other potential buyers include miners Anglo American and Cleveland-Cliffs, as well as India’s JSW Steel, speculate people seeking participation in the transaction, though the process is heard in a second round of bidding, and some of the names initially interested may already be out of the running. CSN hired Goldman Sachs to advise it on the sale, which the company estimates should be worth $10bn. Goldman Sachs declined to comment and CSN executives did not return calls.