# CSN plans to sell up to R$18 billion in assets to reduce leverage

*Core moves include the creation of CSN Infrastructure and the sale of control of CSN Cimentos.*

- Published: 2026-01-15
- Section: Insights
- Tags: asset sales, Brazil infrastructure, Capital Structure, cement divestment, CSN, deleveraging, Latin America corporates, mining and steel, ports and railways
- URL: https://brazilstockguide.com/insights/csn-plans-to-sell-up-to-r18-billion-in-assets-to-reduce-leverage/

**By Brazil Stock Guide –** **Companhia Siderúrgica Nacional** (**B3: CSNA3; NYSE: SID**) has approved a strategic **reorganization** centered on two core transactions starting in 2026: the creation of **CSN Infrastructure**, a new platform bringing together the group’s **ports, terminals and railway assets**, and the **sale of control of CSN Cimentos**. The moves anchor a broader **asset rotation and deleveraging strategy**, with potential proceeds of **R$15 billion to R$18 billion**. The [CSN Infrastructure platform was first reported by *Brazil Stock Guide.*](https://brazilstockguide.com/insights/csn-infrastructure-spin-off-logistics-deleveraging/)

**CSN Infrastructure** will be structured as a standalone vehicle designed to consolidate the group’s logistics assets, allowing greater **operational focus**, clearer **financial disclosure**, and future **monetization through the sale of a significant stake**. According to the indicative timetable, the platform is expected to be formally launched in **January 2026**, with transaction **signings anticipated throughout the year**.

In parallel, the group plans to **divest control of CSN Cimentos**, reinforcing a strategic shift toward **portfolio simplification** and capital allocation to businesses with **higher returns and stronger strategic relevance**. The exit from cement is intended to reduce **operational complexity** while freeing up capital for **mining and infrastructure**, which management views as the group’s core value drivers.

Together, these transactions form the backbone of CSN’s **deleveraging plan**. As an initial step, the company sold an **11% stake in MRS Logística** to **CSN Mineração** in 2025 for **R$3.35 billion**, a transaction that served as a **proof of concept** for the asset monetization strategy. CSN has said **financial advisers are already engaged** for all planned operations.

Based on the proposed asset sales, CSN expects a **material improvement in its capital structure**. **Pro forma net debt to EBITDA** would fall from **3.14 times** in the **third quarter of 2025** to around **1.83 times**, a reduction of roughly **1.3 turns**, while **net debt would decline by approximately R$18 billion**.

Debt amortization would be largely concentrated between **2026 and 2028**, funded by asset disposal proceeds. The group estimates **annual interest savings of R$1.5 billion to R$1.8 billion**, strengthening **cash generation**, improving **financial visibility**, and reinforcing balance-sheet resilience over the medium term.

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Source: Brazil Stock Guide, https://brazilstockguide.com/insights/csn-plans-to-sell-up-to-r18-billion-in-assets-to-reduce-leverage/