Huaxin Building Materials agrees to buy 99.99% of CSN Cimentos Brasil for $1.64 billion
SID•Huaxin Building Materials agreed on Nov. 7, 2026, to acquire 99.99% of CSN Cimentos Brasil for approximately BRL 9.03 billion. The deal values the business at BRL 12.7 billion including debt, and closing is expected in the first quarter of 2027, subject to conditions including Brazilian approvals and Chinese investment filings.
1. Acquisition terms
Huaxin Building Materials agreed to acquire 99.99% of CSN Cimentos Brasil from Companhia Siderúrgica Nacional for approximately BRL 9.03 billion. The business is valued at BRL 12.7 billion, including debt; final consideration will reflect closing net debt and working capital. Huaxin expects to fund the purchase with internal resources and external financing.
2. Brazil market entry
CSN Cimentos Brasil, Brazil’s second-largest cement producer, has annual capacity of 17 million tons. The acquisition marks Huaxin’s entry into Brazil’s cement market. Closing conditions are expected to be satisfied in the first quarter of 2027, including Brazilian approvals and Chinese investment filings.
