Huaxin Building Materials to acquire 99.99% of CSN Cimentos for $1.64 billion

Huaxin Building Materials Group has signed an agreement to buy a 99.99% stake in Brazil's CSN Cimentos for an estimated equity payment of 9.0337 billion Brazilian reais (about US$1.642 billion). The deal includes seven kiln plants and six grinding stations with combined annual cement capacity of 17 million tonnes.

“Huaxin Building Materials Group has signed an agreement to buy nearly all of Brazil's CSN Cimentos, placing a Chinese industrial buyer opposite a steelmaker selling assets to reduce debt.”jingpost.com

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• jingpost.comHuaxin Agrees to Buy Brazil's CSN Cimentos for US$1.64 Billion — JingpostSimon LuNov 9, 2026

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