Brazilian steelmaker Companhia Siderurgica Nacional (CSN) said last week it hired banks to help it sell non-core assets.
Paulo Caffarelli, executive director at CSN, said the company has already received “demands for some of the assets.”
Despite not disclosing how much money the company could potentially raise from the sale of its properties, CSN executives told analysts assets could include the container port terminal Tecon as well as a certain amount of shares it has in logistics company MRS and in Brazil steelmaker Usiminas.
Caffarelli declined to give a specific date for the sale of assets, but said the company’s plan is to sell some of the assets “in a short time."
Along with the sale of non-core assets, CSN also has been negotiating the rollover of its debts that are due on 2016 and 2017.
Carlos Henrique de Sousa, CSN’s director of investor relations, said the rollover of the company’s debts are expected to give the struggling company some time to breath, so it could sell the assets.
As of June this year, CSN’s net debt reached BRL 20.8 billion.