CSN agrees to sell German unit SWT for 550 million euros
The binding agreement with Megasa's parent firm includes a 10-week exclusivity period to cut debt.
Companhia Siderúrgica Nacional (CSN) signed a binding commitment agreement on October 9, 2026, to sell all shares of its German subsidiary, Stahlwerk Thüringen GmbH (SWT), to Bipadosa S.L., the holding company of Spain's Megasa group. The deal sets an enterprise value of 550 million euros, subject to customary adjustments.
The transaction grants an exclusivity period of up to ten weeks to finalize definitive agreements. Closing remains subject to customary precedent conditions for deals of this nature. CSN stated that the sale is part of its ongoing divestment program focused on reducing debt.
Located in Unterwellenborn, Germany, SWT produces long steel products and specializes in structural profiles. It has an installed annual capacity of 1.1 million tons of steel. CSN acquired the German plant in 2012 to diversify its geographical reach and product portfolio. Megasa is a Spanish industrial group active in European long steel with manufacturing sites in Spain, Portugal, and France.
CSN was founded in 1941 and is controlled by businessman Benjamin Steinbruch. Alongside its core steel operations, the company operates in mining, cement, and energy across Latin America.
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