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Huaxin Building Material Plans To Acquire 99.99% Stake In CSN Cimentos Brasil S.A

By Reuters News

Nov 8 (Reuters) - Huaxin Building Materials Group Co Ltd 600801.SS:

  • SAYS IT PLANS TO ACQUIRE 99.99% STAKE IN CSN CIMENTOS BRASIL S.A FOR ABOUT $1.6 BILLION; DEAL VALUES COMPANY AT ABOUT $2.3 BILLION

  • SAYS DEAL REQUIRES REGULATORY APPROVALS FROM CHINA AND BRAZIL

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Further company coverage: 600801.SS

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