Brazil: CSN will receive binding offers for its cement unit until 7 August 2026, according to Reuters, with the firm reportedly receiving at least seven proposals in the transaction's non-binding phase. Among interested investors for the deal, which could raise almost US$2bn, are China-based Sinoma and Huaxin Building Materials, Germany’s Heidelberg Materials and Brazilian firm Votorantim Cimentos. J&F and Suzano Holding were initially interested, but have reportedly already left discussions. CSN chair Benjamin Steinbruch said that the company had received “good proposals, in greater numbers than expected” and that it was “working to narrow these proposals down and quickly reach a conclusion.”
CSN to receive binding offers for cement unit until 7 August 2026
