Companhia Siderúrgica Nacional (CSN, CSNA3) signed, on November 7, 2026, a share purchase agreement with Huaxin Building Materials Group Co. to sell CSN Cimentos Brasil S.A. The agreed enterprise value is R$ 12.7 billion, and the transaction is part of CSN's strategy to reduce its debt and address its capital structure.
The amount is subject to the customary closing adjustments for this type of transaction, including adjustments related to CSN Cimentos' net debt and working capital at the closing date.
Completion of the transaction depends on conditions precedent: approval from the Administrative Council for Economic Defense (CADE), prior consent from the National Electric Energy Agency (ANEEL) and applicable Chinese regulatory approvals. CSN expects to complete the transaction as soon as these conditions are met.
The company said it will keep the market updated on material developments regarding the transaction.
