Brazil: CSN reportedly received non-binding offers for its cement division on 7 May 2026, according to Reuters, as part of its plans to reduce debt. The company has appointed Morgan Stanley to advise on the sale process. The business is reportedly valued at more than US$2bn. The identities of the bidders were not disclosed, but companies that have shown interest include Anhui Conch Cement, Huaxin Cement, Sinoma and Votorantim Cimentos. CSN chief financial offer Marco Rabello told Reuters that a binding phase would start shortly after the receipt of non-binding offers and the selection of groups moving to the next phase.
CSN receives bids for cement division sale
