CSN confirms talks to buy cement company

CSN confirms talks to buy cement company

M&A Corporate & Sovereign Strategy Asset Management Brazil United States

Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) confirmed on Wednesday that it is in talks to buy a cement plant but has not yet reached a deal, according to a securities filing. Local business newspaper Valor Econômico reported Tuesday that CSN was in negotiations to acquire Cimento Elizabeth from US investment management firm Farallon Capital Management for $200 million to $250 million. Cimento Elizabeth opened a factory in 2015 in the northeastern state of Paraíba with the capacity

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