Brazil’s CSN Agrees to Sell Cement Unit to Huaxin for $2.31 Billion
CSN said it signed an agreement to sell CSN Cimentos to China’s Huaxin. The deal values the business at 12.7 billion reais ($2.31 billion) on an enterprise-value basis.
Brazil's CSN has signed an agreement to sell its cement unit, CSN Cimentos, to China's Huaxin in a deal valuing the business at 12.7 billion reais ($2.31 billion) on an enterprise-value basis, it said on Sunday.In a securities filing, the steelmaker said the transaction agreed on Saturday was a ste…