Itochu to buy stake in CSN’s iron ore producer for $769m

Japanese company Itochu has signed an agreement with Brazilian steel company Companhia Siderurgica Nacional (CSN) to acquire 10.74% of CSN Mineracao (CM) for around BRL4.42 billion ($769 million).This transaction marks an additional investment for Itochu, which has held an indirect 7.15% stake in...