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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