Huaxin to buy 99.99% of CSN Cimentos for $1.64 billion
Briefing by News4U · First published
Huaxin Building Materials Group agreed to acquire a 99.99 per cent stake in Brazil’s CSN Cimentos for US$1.64 billion, marking China’s first entry into the Brazilian cement market, according to a company statement reported by SCMP Business. [1]
Sources
- China to enter Brazil’s cement market as Huaxin agrees to buy CSN Cimentos
SCMP Business · · Summary only