CSN Shops in Spain

CSN Shops in Spain

Brazil M&A

Brazil steelmaker CSN says it has signed an MoU to acquire 3 companies from Spain's Grupo Alfonso Gallardo for EUR352m, with an additional EUR30m in working capital adjustments possible after due diligence is performed. The targets are cement company Cementos Balboa, which has the capacity to produce 1.4m tons of cement and 1.1m tons of clinker per year, and steelmakers Corrugados Azpeitia and Corrugados Lasao, which together can produce 1.1m tons of long steel. "On a preliminary basis, we belie

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