CSN Sets August Deadline for Binding Cement Unit Bids
Brazilian steelmaker CSN will accept binding offers for its cement unit until August 7 as it seeks to raise approximately 10 billion reais. Interested parties reportedly include Chinese groups Sinoma and Huaxin along with Italy's Italcementi and local competitor Votorantim.
CIA SIDERURGICA NACIONAL SA will receive binding offers for its cement unit until August 7 in a deal expected to raise 10 billion reais ($1.98 billion). This sale follows a non-binding phase that drew more than six proposals for the industrial assets in Brazil. The divestment aims to provide a liquidity injection as CSN manages its debt profile and capital expenditure requirements.
### Global Interest in Brazilian Infrastructure Interested parties include China-based groups SINOMA INTERNATIONAL ENGIN-A and HUAXIN BUILDING MATERIALS-H. Italy-based Italcementi and local competitor Votorantim are also participating in the process, according to Valor Economico on Wednesday.
