Skip to content
Subscriber Only

Brazil's Usiminas Hires Credit Suisse for Potential Unit Sale

  • Usiminas hired investment bank Credit Suisse Nov. 26
  • Steelmaker has yet to take a final decision on potential sale

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA hired Credit Suisse SA as a financial adviser to help explore the potential sale of all or part of its manufacturing subsidiary.

Usiminas, which hired Credit Suisse Nov. 26, has yet to make a final decision on the potential sale, the company said in a statement Monday. Its manufacturing unit is called Usiminas Mecanica.