CSN signs sale of CSN Cimentos to China Huaxin at R$ 12.7…

In brief

CSN signed the sale of CSN Cimentos to China Huaxin at an enterprise value of R$ 12.7 billion.

Closing depends on Cade, Aneel and Chinese approvals.

Verified fact · material
CSN signed a contract to sell CSN Cimentos to China Huaxin Building Materials Group, disclosed in a material fact on November 8, 2026.
Sale.
Sources[01][02][03]
Verified fact · material
The deal enterprise value is R$ 12.7 billion, subject to net debt and working capital adjustments.
Value.
Sources[01][02][03]
Verified fact · material
Closing depends on Cade approval, prior consent from Aneel and regulatory approvals in China.
Conditions.
Sources[01][02][03]
Verified fact
According to Exame and Gazeta do Povo, the price for the shares (99.99% of the company) is about R$ 9 billion.
Price.
Sources[01][02]
Verified fact
According to Gazeta do Povo, the contract was signed on November 7.
Date.
Sources[02]

Transmission to assets

The sale cuts CSN leverage if completed under the announced terms.

CSNA3positive

Debt reduction.

Cade blocks.

What would change the view: Sale approved.

direct20% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

Limits of the reporting