CSN raises Riversdale stake to 17.58 percent

Thursday, 10 February 2011 02:32:30 (GMT+3)   |  
       

Brazil's largest diversified steelmaker Cia Siderurgica Nacional SA (CSN) said Tuesday that it has raised its stake in north-west Mozambique-focused coking coal miner Riversdale Mining Ltd.

CSN raised its stake from 16.29 percent on November 24 to 17.58 percent February 8, which potentially complicates the US$3.9 billion offer made by Rio Tinto.

Riversdale's current biggest shareholder is Tata Steel, which owns 24.2 percent of Riversdale.


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