June 10, 2021
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
Brazilian steelmaker could pay $250 mln to acquire Cimento Elizabeth from US hedge fund Farallon