Brazil’s CSN in talks to acquire cement maker Elizabeth

Industry:    2021-06-10

Brazilian steelmaker CSN is close to acquiring cement company Cimento Elizabeth for roughly $250 million, newspaper Valor Economico reported on Wednesday.

Elizabeth is controlled by investment firm Farallon Capital. In a statement, CSN confirmed the negotiations, without disclosing further detail. Farallon did not immediately respond to a Reuters request for comment.

CSN cement unit CSN Cimentos is planning for an initial public offering this year.

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