STXNEWS LATAM-Brazil antitrust official says CSN should reduce Usiminas stake

miércoles 9 de abril de 2014 15:16 GYT

Brazilian steelmaker Companhia Siderurgica Nacional SA , known as CSN, should reduce its stake in rival Usinas Siderurgicas de Minas Gerais SA, according to a report by the director of Brazilian antitrust regulator Cade running the investigation of the equity stake. Cade's full board of directors will vote on his findings later on Wednesday.

Preferred shares of Usiminas, as Usinas is known, extended losses to 8 percent following the presentation of the report.