Pursuant to Rule 13a-16 or 15d-16 of the
Rio de Janeiro, RJ
Federative Republic of Brazil
under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
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For immediate release |
For More Information Contact:
| Luciana Paulo Ferreira CSN - Relações com Investidores - 011 3049-7591 luferreira@csn.com.br www.csn.com.br |
Dana Voelzke MZ Consult +1 (203) 740-2883 dana@mzconsult.com.br |
FEDERAL TRADE COMMISSION APROVES CSN LLC ACQUISITION
(São Paulo, Brazil - October 13th, 2003) - Companhia Siderúrgica Nacional (CSN) (NYSE-SID) informs that completed today the
acquisition of Tangua Incorporated, a Company constituted under the Laws of the Republic of Panama that indirectly holds 100% (one
hundred percent) of Companhia Siderúrgica Nacional, LLC.
Since July 2001, Companhia Siderúrgica Nacional, LLC acquired the assets and liabilities of Heartland Steel Inc, a U.S. steel
company. The acquisition amounted US$ 175.000.000,00 (One hundred and seventy five million U.S. Dollars).
Companhia Siderúrgica Nacional, located in the state of Rio de Janeiro, Brazil, is a steel complex integrated by investments in infrastructure and logistics, that combines in its operation captive mines, an integrated steel mill, service centers, ports and railways. With a total annual production capacity of 5,400,000 tonnes of crude steel and consolidated gross revenues of R$6.1 billion reported in 2002, CSN is also the only tin-plate producer in Brazil and one of the five largest tin-plate producers worldwide.
The foregoing includes forward-looking statements, such as the proposed acquisition. Factors that could cause actual events or results to differ from those expressed or implied by the forward-looking statements include changes in the steel industry or the economic or political situation in Brazil or other countries or regions.
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COMPANHIA SIDERÚRGICA NACIONAL
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| By: |
/S/
Otavio de Garcia Lazcano
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Otavio de Garcia Lazcano
Principal Financial Officer
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.