Announced
Financials
Sources
Tags
Friendly
Majority
building materials
Acquisition
Building Materials: Other
Domestic
Single Bidder
Pending
Private
Brazil
Synopsis
CSN, a steel producer, agreed to acquire a business in Brazil from Holcim, a company specializing in building solutions, for $1bn. “This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in attractive growth opportunities. We are pleased to have found a responsible buyer with CSN that will develop the Brazilian business over the long term," Jan Jenisch, Holcim CEO.
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