CSN signs term sheet to sell Germany’s SWT to Megasa for EV of EUR 550 million
Bitget2026/10/09 23:20CSN Inova Ventures entered a binding term sheet to sell German long-steel producer Stahlwerk Thüringen to Spain’s Megasa group. Term sheet sets enterprise value at EUR 550 million, subject to adjustments. Exclusivity period runs up to 10 weeks, with definitive agreements to be negotiated before closing. Stahlwerk Thüringen has 1.1 million metric tons of annual steel capacity; CSN bought the asset in 2012. Proposed divestment forms part of CSN’s effort to reduce leverage and simplify its capital structure. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CSN Inova Ventures published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: O4CFXOQVS6P2JP01) on October 09, 2026, and is solely responsible for the information contained therein.
- CSN Inova Ventures entered a binding term sheet to sell German long-steel producer Stahlwerk Thüringen to Spain’s Megasa group.
- Term sheet sets enterprise value at EUR 550 million, subject to adjustments.
- Exclusivity period runs up to 10 weeks, with definitive agreements to be negotiated before closing.
- Stahlwerk Thüringen has 1.1 million metric tons of annual steel capacity; CSN bought the asset in 2012.
- Proposed divestment forms part of CSN’s effort to reduce leverage and simplify its capital structure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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