Companhia Siderúrgica Nacional

Boyden Brazil Celebrates 55 Years and Welcomes Prominent Industry Leaders to the Partnership

Retrieved on: 
Thursday, October 19, 2023

Chad Hesters, President & CEO of Boyden, will be in São Paulo to mark the occasion with the team and meet distinguished clients.

Key Points: 
  • Chad Hesters, President & CEO of Boyden, will be in São Paulo to mark the occasion with the team and meet distinguished clients.
  • He comments, “Boyden was the standard-bearer for our industry in Brazil.
  • Boyden was launched in Brazil in 1968, in a decade of significant global expansion for the firm.
  • Cristina Piccolloto, Human Resources Director at Sherwin-Williams, a long-term client of Boyden Brazil, says, “For more than a decade, Boyden has been a key partner in Executive Search for the Sherwin-Williams Company in Brazil.

AM Best Affirms Credit Ratings of Fidelidade Moçambique - Companhia de Seguros, S.A.

Retrieved on: 
Wednesday, August 9, 2023

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Fidelidade Moçambique - Companhia de Seguros, S.A. (Fid Moz) (Mozambique).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Fidelidade Moçambique - Companhia de Seguros, S.A. (Fid Moz) (Mozambique).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

G Mining Ventures Achieves Major ESG Milestone with the Signing of Renewable Power Purchase Agreement for Tocantinzinho Gold Project

Retrieved on: 
Thursday, June 1, 2023

TZ is currently under construction in the State of Pará, Brazil and remains on budget and on track for commercial production in H2-2024.

Key Points: 
  • TZ is currently under construction in the State of Pará, Brazil and remains on budget and on track for commercial production in H2-2024.
  • Louis-Pierre Gignac, President & Chief Executive Officer, commented: "I am very pleased by the major de-risking milestone of entering into this fixed-price PPA with a reliable electricity supplier.
  • The low-cost power generated from renewable hydroelectric sources will ensure that TZ is in the lower quartile of the global gold production curve both in terms of cost and carbon emissions.
  • This is a major step toward safeguarding value for our shareholders and stakeholders alike."

ArcelorMittal completes acquisition of CSP in Brazil

Retrieved on: 
Thursday, March 9, 2023

ArcelorMittal (the ‘Company’) announces that following receipt of customary regulatory approvals it has completed the acquisition of Companhia Siderúrgica do Pecém (‘CSP’) in Brazil for an enterprise value of approximately $2.2 billion.

Key Points: 
  • ArcelorMittal (the ‘Company’) announces that following receipt of customary regulatory approvals it has completed the acquisition of Companhia Siderúrgica do Pecém (‘CSP’) in Brazil for an enterprise value of approximately $2.2 billion.
  • Its facility, located in the state of Ceará in northeast Brazil was commissioned in 2016.
  • Commenting, ArcelorMittal CEO Aditya Mittal said:
    “This is a very exciting strategic acquisition for ArcelorMittal.
  • “I would like to welcome all CSP employees to ArcelorMittal and thank our internal team that worked on the transaction and integration planning.

AM Best Revises Outlooks to Negative for Abarca - Companhia de Seguros S.A.

Retrieved on: 
Wednesday, February 15, 2023

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Abarca - Companhia de Seguros S.A. (Abarca) (Portugal).

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Abarca - Companhia de Seguros S.A. (Abarca) (Portugal).
  • As a result, BCAR scores are expected to decline to the strong level at year-end 2022 from strongest at year-end 2021.
  • The balance sheet strength assessment of strong also reflects the company’s conservative and liquid investment portfolio.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

ArcelorMittal Announces Pricing of Bond Issue

Retrieved on: 
Tuesday, November 22, 2022

The proceeds to ArcelorMittal (before expenses), amounting to approximately $2.2 billion, will be used for general corporate purposes.

Key Points: 
  • The proceeds to ArcelorMittal (before expenses), amounting to approximately $2.2 billion, will be used for general corporate purposes.
  • This press release may contain forward-looking information and statements about ArcelorMittal and its subsidiaries.
  • ArcelorMittal undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise.
  • ArcelorMittal is the world's leading steel company, with a presence in 60 countries and primary steelmaking facilities in 16 countries.

Holcim closes Brazil divestment

Retrieved on: 
Wednesday, September 7, 2022

Holcim has closed the sale of its business in Brazil to CSN (Companhia Siderrgica Nacional) for an enterprise value of USD 1.025 billion.

Key Points: 
  • Holcim has closed the sale of its business in Brazil to CSN (Companhia Siderrgica Nacional) for an enterprise value of USD 1.025 billion.
  • Latin America remains a core strategic growth region for Holcim.
  • As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world.
  • Holcim does not undertake to provide updates of these forward-looking statements.

ArcelorMittal agrees acquisition of CSP in Brazil

Retrieved on: 
Thursday, July 28, 2022

ArcelorMittal (the Company) today announces it has signed an agreement with the shareholders of Companhia Siderrgica do Pecm (CSP) to acquire CSP for an enterprise value of approximately $2.2 billion.

Key Points: 
  • ArcelorMittal (the Company) today announces it has signed an agreement with the shareholders of Companhia Siderrgica do Pecm (CSP) to acquire CSP for an enterprise value of approximately $2.2 billion.
  • CSP operates within Brazils first Export Processing Zone, and benefits from various tax incentives including a low corporate income tax rate.
  • The acquisition brings several strategic benefits to ArcelorMittal, including the potential to:
    Expand the Companys position in the high-growth Brazilian steel industry.
  • Commenting, ArcelorMittal CEO Aditya Mittal said:
    In CSP, we are acquiring a modern, efficient, established and profitable business which further enhances our position in Brazil and adds immediate value to ArcelorMittal.

AM Best Revises Outlooks to Stable for Abarca - Companhia de Seguros S.A.

Retrieved on: 
Thursday, February 24, 2022

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Abarca - Companhia de Seguros S.A. (Abarca) (Portugal).

Key Points: 
  • AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Abarca - Companhia de Seguros S.A. (Abarca) (Portugal).
  • The revision of the outlooks to stable follows management actions taken during 2021 to reduce gross and net underwriting limits and tighten reinsurance purchasing practices.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Digimarc Welcomes Global Finance Leader Milena Alberti-Perez to its Board of Directors

Retrieved on: 
Tuesday, February 22, 2022

Her financial and international leadership expertise will specifically be applied through her appointment to the Audit Committee and the Compensation Committee of the Board of Directors.

Key Points: 
  • Her financial and international leadership expertise will specifically be applied through her appointment to the Audit Committee and the Compensation Committee of the Board of Directors.
  • "Milena's experience in financial oversight and operations, post-merger integration, and international leadership will be an incredible asset to our board," said Digimarc CEO Riley McCormack.
  • "I'm delighted to join the Digimarc Board of Directors at such an exciting time of growth and transformation for the company," Alberti-Perez said.
  • "I look forward to working with the Board and Leadership team to further drive Digimarc's success as a product-led company."