CSN signs €550M binding deal to sell German steel mill SWT to Spain's Bipadosa

Brazilian steelmaker CSN signed a binding term to sell its German long-steel producer Stahlwerk Thuringen (SWT) to Bipadosa, controller of Spanish group Megasa, for €550 million. The deal, covering all SWT shares, marks CSN's exit from a European asset acquired in 2012, likely to reduce debt and refocus on core operations. Completion remains subject to regulatory approvals and closing conditions.