12.11.2026 16:23
Brazil’s CSN sells cement business to China’s Huaxin
Brazilian steelmaker CSN has signed an exclusivity agreement with China’s Huaxin Cement regarding the sale of its cement business.
Under the proposed transaction, Huaxin will acquire 100 % of the shares in CSN Cimentos, with the deal valued at R$12.7 billion.
The agreement follows CSN’s strategy announced in January 2026, when the company’s board of directors approved a plan to divest major assets and pursue strategic measures to reduce debt and rebalance its capital structure.
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