Brazil's CSN has launched a second round of bidding for its cement business, with the sale expected to close by the end of 2026 for more than BRL10bn (US$1.95bn), according to Reuters.
The leading bidders are reported to include China's Huaxin Building Materials and a consortium comprising Brazil's Votorantim and Italy-based Cementir. Brazilian cement producer Polimix is also expected to participate in the latest round of offers.
CSN is divesting CSN Cimentos as part of a wider programme to reduce debt, alongside the planned sale of a stake in its infrastructure business. The transaction remains subject to approval by Brazil's competition authority, CADE, following completion of the sale process.
