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Brazilian steelmaker to take Riversdale stake

BRAZILIAN steelmaker CSN will take a 16.3% stake in Australia-listed Riversdale Mining, giving it...

Angie Tomlinson

CSN’s board has approved the purchase at $A6.10 per share, valuing the deal at about $175 million. The price is a 7% premium to Riversdale’s closing price yesterday. CSN plans to buy a 14.99% stake...

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