Aug. 22 (Bloomberg) -- Cia. Siderurgica Nacional SA said it hasn't received any formal offers for its Nacional Minerios SA unit, though it may accelerate plans to sell the iron-ore producer because of strong interest from potential buyers.
``It's creating quite a stir,'' said Flavia Ferreira, a spokeswoman for Rio de Janeiro-based CSN, Brazil's third-biggest steelmaker. ``We haven't received proposals yet, but there are a load of people interested.''
CSN may complete the sale by late September, an investor relations official said today. Juarez Saliba, executive director of business development, said Aug. 19 that the company would announce the results of the bidding process in October.
Namisa, as the unit is known, may be worth as much as $8.5 billion, said Rogerio Zarpao, a Unibanco analyst in Sao Paulo. Anglo American Plc and ArcelorMittal are among the companies that have made acquisitions in Brazil this year to secure supplies of iron ore after the price of the steel ingredient climbed for a sixth straight year.
Reuters reported today that Nippon Steel Corp., JFE Holdings Inc. and a Japanese trading company are bidding for Namisa. The transaction may be worth as much as $10 billion, Reuters said, citing unidentified people in the industry.
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