# 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.

- Type: Acquisition
- Announced: 2026-11-07
- Where: Brazil, Brazil
- Value: $1.64B
- Status: announced
- Capacity: 17 million tonnes per year of cement
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Huaxin Building Materials Group](https://endata.com/companies/15093.md) (acquirer)
- [CSN](https://endata.com/companies/15458.md) (partner)
- [CSN Cimentos](https://endata.com/companies/15459.md) (target)

## Sources

- [jingpost.com](https://jingpost.com/news/huaxin-csn-brazil-cement-acquisition-financing-2026), 2026-11-09: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.