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Credit Suisse advising Brazil's Usiminas on business unit sale

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SAO PAULO Feb 15 Usinas Siderúrgicas de Minas
Gerais SA, the ailing Brazilian flat steel producer, has lined
up Credit Suisse Group AG’s investment-banking unit to
advise on the partial or full sale of a unit.

In a securities filing unveiled on Monday, the company known
as Usiminas said that the date of hiring was Nov. 26. Usiminas
is considering selling all or part of Usiminas Mecânica SA, a
business unit that produces customized steel products for
industrial clients.

(Reporting by Guillermo Parra-Bernal)


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