Acquiring Company
Huaxin Building Materials Ltd
Acquired Company
CSN Cimentos
Wuhan
BrazilManufacturingConstructionBuilding MaterialManufacturingEnergyMiningDescription
Chinese firm Huaxin Building Materials Group has signed a ten-day exclusivity agreement to acquire Brazilian cement producer CSN Cimentos for up to 12.7 billion reais (US$2.35 billion). A definitive contract is expected in the coming days, after Huaxin won a competitive sale process launched in March 2026. The sale is part of CSN's efforts to reduce debt amid pressure from creditors.
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Frequently asked
Who acquired CSN Cimentos?
CSN Cimentos was acquired by Huaxin Building Materials Ltd, based in Wuhan. The deal was reported on October 30, 2026. Huaxin Building Materials Ltd. is a leading construction materials company based in China. It operates in 14 countries, focusing on cement production and related products. Huaxin Building Materials Ltd is privately held and operates in Manufacturing.
When did Huaxin Building Materials Ltd acquire CSN Cimentos?
Huaxin Building Materials Ltd's acquisition of CSN Cimentos was reported on October 30, 2026. Chinese firm Huaxin Building Materials Group has signed a ten-day exclusivity agreement to acquire Brazilian cement producer CSN Cimentos for up to 12.7 billion reais (US$2.35 billion). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does CSN Cimentos do?
CSN Cimentos is the cement and infrastructure arm of the Brazilian conglomerate CSN. CSN is also active in steel, mining, and energy, and is selling assets to reduce high indebtedness. It is privately held, operating in Manufacturing, and is based in Brazil.
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