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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Germany-based HeidelbergCement AG is exploring the sale of some of its U.S. assets as the producer’s chief executive Dominik von Achten seeks to divest peripheral businesses, reported Bloomberg. The company is working with Morgan Stanley on the sale of California operations, which could fetch around $1.5 billion, according to people familiar with the matter.
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