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News Companhia Siderúrgica Nacional agrees to buy Cimento Elizabeth for US$220m

Companhia Siderúrgica Nacional agrees to buy Cimento Elizabeth for US$220m

Written by Global Cement staff 01 July 2021
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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.

Last modified on 07 July 2021
Published in Global Cement News
Tagged under
  • Brazil
  • CSN
  • CSN Cimentos
  • Companhia Siderúrgica Nacional
  • Acquisition
  • Cimento Elizabeth
  • GCW513

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