# Huaxin advances talks to acquire CSN Cimentos for US$2.33bn

China's Huaxin Building Materials Group has signed a 10-day exclusivity agreement with Companhia Siderúrgica Nacional to acquire CSN Cimentos Brasil, valuing the Brazilian cement producer at BRL12.7 billion (approximately US$2.33 billion). No definitive agreement has been signed yet.

- Type: Acquisition
- Announced: 2026-10-30
- Where: Brazil
- Value: $2.33B
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [CSN](https://endata.com/companies/15458.md)
- [Companhia Siderúrgica Nacional](https://endata.com/companies/15067.md) (target)
- [Huaxin Building Materials Group](https://endata.com/companies/15093.md) (acquirer)
- [CSN Cimentos Brasil](https://endata.com/companies/15094.md) (target)
- [CSN Cimentos](https://endata.com/companies/15459.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/182380/huaxin-advances-us-2-33bn-csn-cimentos-acquisition-talks.html), 2026-11-02: "Huaxin said the proposed acquisition would strengthen its global production footprint and increase its market share and competitiveness in South America's cement sector."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/csn-signs-exclusivity-deal-to-sell-cement-unit-to-huaxin-building-materials-group-co-1488057.htm), 2026-11-03: "The exclusivity agreement values CSN Cimentos at an enterprise value of about $2.35 billion at current exchange rates, and the deal is expected to close in the coming days."
- [datamarnews.com](https://datamarnews.com/noticias/csn-cimentos-sale-exclusive-talks-huaxin/), 2026-11-03: "The agreement provides for a 10-day exclusivity period."
- [cemnet.com](https://www.cemnet.com/news/corporate), 2026-11-04: "Huaxin advances US$2.33bn CSN Cimentos acquisition talks"

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