Brazil regulator greenlights sale of Holcim's local business to CSN

Companhia Siderurgica Nacional SA

17/08/2022 15:52

SAO PAULO, Aug 17 (Reuters) - Brazil's antitrust regulator
CADE on Wednesday approved the sale of Holcim AG's  HOLN.S 
local cement business to steelmaker Cia Siderurgica Nacional
 CSNA3.SA  with no restriction, allowing the $1.025 billion deal
to be completed.
    CSN first announced the acquisition of LafargeHolcim Brasil
in September 2021 as Switzerland-based Holcim, the world's
largest cement maker, tries to diversify away from its core
business.  urn:newsml:reuters.com:*:nL8N2QC0KH

 (Reporting by Gabriel Araujo; Editing by Brendan O'Boyle)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))