Home / Business and Economy / CSN Cement Sale Eyes $2B+ Amidst Global Bids
CSN Cement Sale Eyes $2B+ Amidst Global Bids
15 Apr
Summary
- CSN aims to sell its cement unit for over 10 billion reais.
- Several international and local players are in talks to acquire the unit.
- The sale is part of CSN's strategy to reduce its overall debt.
Brazilian steel producer CSN is actively pursuing the sale of its cement business, CSN Cimentos, with expectations of raising more than 10 billion reais ($2 billion). The company has engaged in discussions with various potential buyers, encompassing both domestic Brazilian firms and significant international players.
Notable interested parties include Brazil's Votorantim and J&F S.A., alongside Chinese conglomerates such as Anhui Conch Cement, Huaxin Cement, and Sinoma International. These Chinese groups have shown particular interest, with Huaxin Cement having recently acquired a Brazilian company in 2024.
This sale is a critical part of CSN's strategy to deleverage its balance sheet. The company aims to finalize the disposal of CSN Cimentos and a portion of its logistics firm by the third quarter of 2026, potentially generating up to 18 billion reais in total proceeds. Morgan Stanley is advising CSN on the cement unit sale, while Bradesco and Citibank are managing the logistics company stake sale process.
