Business · Companies · 10 hrs ago
CSN agrees to sell German steel plant for €550 million
Brazilian steelmaker CSN has agreed to sell its German steel plant, Stahlwerk Thüringen, known as SWT, to Spain’s Bipadosa for €550 million.
Bipadosa controls the Spanish steel group Megasa.
SWT can produce 1.1 million tonnes of long steel products each year and has been owned by CSN since 2012.
CSN says the potential sale is part of its plan to reduce debt.
At the end of June, the company had net debt of R$42.1 billion and debt equal to 3.49 times its earnings before interest, taxes, depreciation and amortisation.
The agreement gives the parties up to ten weeks of exclusivity to complete definitive documents.
CSN is also pursuing a sale of its cement business, but that process has taken longer than the company expected.
CSN signed a binding agreement to sell its German steel plant, SWT, to Spanish company Bipadosa for €550 million.
The deal includes an exclusivity period of up to ten weeks for the parties to sign final documents.
CSN says the potential sale is part of its plan to reduce debt.
SWT has annual capacity to produce 1.1 million tonnes of long steel.
CSN bought SWT in 2012 for €482.5 million, according to the company’s announcement at the time.
- Who
- CSN and Spanish company Bipadosa, which controls steel group Megasa.
- What
- CSN signed a binding agreement to sell its SWT steel plant for €550 million.
- When
- Friday, October 9, 2026.
- Where
- SWT is in Germany.
- Why
- CSN says the potential sale is part of its divestment programme to reduce debt.
This story does not have two clearly opposing sides.
A potencial alienação das ações da SWT representa mais um passo importante no programa de desinvestimentos da CSN com o propósito de reduzir o seu atual nível de endividamento
CSN bought SWT.
CSN said SWT had achieved its highest sales volume since the first quarter of 2022, at 205,000 tonnes.
CSN announced it had received binding offers for its cement producer.
CSN announced it had signed a binding agreement to sell SWT to Bipadosa.
- Sale price
- €550 million
- Buyer
- Bipadosa, which controls Megasa
- Plant
- SWT, Germany
- Annual capacity
- 1.1 million tonnes of long steel
- Exclusivity period
- Up to ten weeks
- Net debt at end of June
- R$42.1 billion
Sources
CSN negocia venda da SWT por 550 milhões de euros a grupo espanhol
CSN fecha venda de usina de aço na Alemanha por R$ 3 bi para grupo espanhol
CSN vende siderúrgica na Alemanha, por € 550 milhões, dentro do plano de reduzir endividamento
CSN negocia venda da SWT a grupo espanhol por 550 milhões de euros
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