CSN’s cement subsidiary completes acquisition of LafargeHolcim Brasil

CSN Cimentos concluded the acquisition of 100% of the shares issued by LafargeHolcim Brasil, informed CSN (BVMF:CSNA3) in a material fact released this Tuesday, 06.

Upon completion of the transaction, LafargeHolcim Brasil will be renamed “CSN Cimentos Brasil SA” and will become a wholly-owned subsidiary of CSN Cimentos.

On Tuesday, CSN shares fell 3.65% to R$13.19. In the last 365 days, the shares have accumulated a devaluation of 59.74%, but the consensus estimates obtained by Investing.com Brasil indicate a potential gain of 120.02% in the next 12 months, to R$ 29.02.

Source: investing.com