Bloomberg reported that Brazil’s third largest steelmaker by output Cia Siderurgica Nacional SA offered about USD 3 billion to buy the two ThyssenKrupp AG’s plants in the Americas.

According to two people familiar with the matter, CSN is among two companies that will participate in the final round of negotiations.

The people said that Ternium SA the second largest steelmaker in Latin America, also remains in negotiations.

CSN Said to Bid About USD 3 Billion for ThyssenKrupp Americas Units

ThyssenKrupp Chief Executive Officer Mr Heinrich Hiesinger said in August he wants to sell the Americas unit for its book value of about EUR 7 billion.