CSN sells cement unit to China's Huaxin for R$12.7B to cut debt

Brazilian steelmaker CSN agreed to sell its cement unit to China's Huaxin for R$12.7 billion, a step in its deleveraging strategy. The deal, announced on Saturday, is part of CSN's broader effort to reduce debt, though financial details and regulatory approvals remain pending. This marks a significant cross-border M&A transaction in Brazil's industrial sector.

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