Brazil: Companhia Siderúrgica Nacional (CSN) has agreed to buy Cimento Elizabeth for US$220m from Farallon Capital. The acquisition will give CSN an additional 1.3Mt/yr cement production capacity bringing its total to 6Mt/yr, according to the Valor Econômico newspaper. The deal will also give it a presence in the Northeast, add modern equipment to its assets and ‘substantial’ reserves of limestone, The purchase will be subject to regulatory approval.
Companhia Siderúrgica Nacional agrees to buy Cimento Elizabeth for US$220m
URL: https://globalcement.com/news/item/12641-companhia-siderurgica-nacional-agrees-to-buy-cimento-elizabeth-for-us-220m
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