Huaxin Building Materials agrees to buy 99.99% of CSN Cimentos Brasil for USD 1.64 billion

• Huaxin Building Materials agreed Nov. 7, 2026, to acquire 99.99% of CSN Cimentos Brasil for approximately BRL 9.03 billion.
• The purchase from Companhia Siderúrgica Nacional values the business at BRL 12.7 billion, including debt.
• Final consideration will reflect closing net debt and working capital, with funding from internal resources and external financing.
• Brazil’s second-largest cement producer has annual capacity of 17 million tons; the acquisition marks the buyer’s entry into Brazil’s cement market.
• Closing conditions are expected to be satisfied in the first quarter of 2027, including Brazilian approvals and Chinese investment filings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huaxin Building Materials Group Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261108-12404821), on November 08, 2026, and is solely responsible for the information contained therein.