The technical staff with Brazil’s antitrust watchdog CADE approved steelmaker Companhia Siderurgica Nacional’s (CSN) acquisition of Holcim’s local business with no restriction, reported Reuters.
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Holcim has reached a deal with Brazilian steelmaker CSN (Companhia Siderúrgica Nacional) for the divestment of its business in Brazil for an enterprise value of $1.025 billion. The sale includes five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities.
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Brazilian cement producers CSN Cimentos, Cimentos Mizu and Cimento Apodi, are among bidders for LafargeHolcim Brasil assets, reported Reuters.
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Votorantim Cimentos’ new production line at the Pecém Industrial and Port Complex in Brazil is operational. As a result of the expansion, the site now has a production capacity of approximately 1 million tonnes of cement per year compared to a previous capacity of 200,000 tonnes annually.
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Since The Beginning Of August The Government Has Been Analyzing The Possibility Of Tax Reform To Help The Construction Sector. By Mauro Nogarin
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