Huaxin Building buys 99.99% of CSN Cimentos Brasil for 12.7 billion reais

FinanceInternationalLexLatinNov 14, 2026, 6:37 PMAI summary

Huaxin Building Materials Group signed a definitive agreement to acquire 99.99% of CSN Cimentos Brasil, a subsidiary of Brazilian Companhia Siderúrgica Nacional (CSN), for 12.7 billion reais (about 2.25 billion dollars). The deal, signed on November 7, depends on regulatory approvals in Brazil, including Cade and ANEEL, and on authorizations from Chinese entities. A 750 million reais penalty was set if the transaction is not closed before November 8, 2027. For CSN, the sale is part of its deleveraging strategy.

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Huaxin Building Materials Group acquires 99.99% of CSN Cimentos Brasil for 12.7 billion reais (about 2.25 billion dollars).
Closing requires approval from Cade and ANEEL in Brazil, plus authorizations from Chinese entities.
A 750 million reais penalty applies if the transaction is not completed before November 8, 2027.

Read the full story at LexLatin

IASummary generated by artificial intelligence from a story by LexLatin. It may contain errors: the original source prevails.

adquisiciones
cemento
Brasil
CSN
Huaxin

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Huaxin Building buys 99.99% of CSN Cimentos Brasil for 12.7 billion reais

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