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Credit Suisse advising Brazil's Usiminas on business unit sale

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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