CSN Board Approves Reevaluation of Fixed Assets.NEW YORK--(BUSINESS WIRE)--March 7, 1996--Companhia Siderurgica Nacional - CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CSNMY/SAO PAULO: CSN3), Brazil's largest integrated steel producer and non-government owned company, announced this week that on the Extraordinary General Assembly Meeting held on Friday, March 1, 1996, the Board of Directors has approved the results of the study performed by a consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , especially contracted regarding the reevaluation of the Company's fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → . As a result, the Board has approved a proportional reversal of its net worth reserves of reevaluation in the amount of R$1,414,062,760.00 billion and a revised total fixed assets value of R$3,790,935,806.00 billion (R$0.9837 = US$1.00 as of March 6, 1996), to be recognized on the Company's financial statements as of January 1, 1996 onwards. CONTACT: CSN Jose Marcos Treiger, Tel. 011-5521-545-1347 or The Anne McBride Co. Jane Valdez, Tel. 212-752-0504 |
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