Companhia Siderúrgica Nacional (CSNA3) reported in a material fact notice this Friday, October 9, 2026, that, in the context of 2026 and in line with strategic moves to rebalance its capital structure, it has signed a binding Term Sheet (preliminary agreement) for the potential sale of all shares of Stahlwerk Thüringen GmbH (SWT), with an enterprise value of €550 million, subject to adjustments. The document was signed jointly with its wholly owned subsidiary CSN Steel S.L. and Bipadosa S.L., the controlling shareholder of the Megasa group.
The Term Sheet provides for an exclusivity period of up to 10 weeks for negotiations with Megasa, as well as the execution of definitive documents that will govern the closing of the transaction, including customary conditions precedent for deals of this type.
SWT is a long steel producer located in Unterwellenborn, Germany, specialized in the production of sections, with installed capacity of 1.1 million tons of steel per year. The mill was acquired by CSN in 2012 to diversify its product portfolio and geographic presence, and to strengthen the long steel segment.
According to CSN, the potential disposal of SWT’s shares represents another step in its divestment program, aimed at reducing its current level of indebtedness. The company stated that it will keep its shareholders and the market informed about relevant developments in the transaction, in accordance with applicable law.
