CSN’s cement subsidiary completes acquisition of LafargeHolcim Brasil

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

Related post

Safra buys financial institution Alfa – BizNews Brasil :: Information on Mergers and Acquisitions

Safra buys financial institution Alfa – BizNews Brasil ::…

Acquisition marks the group’s most aggressive expansion strategy in private banking and wealth management Banco Safra has just completed the purchase…
Observatório Knowledge MPE Brasil might be an ally within the improvement of small companies

Observatório Knowledge MPE Brasil might be an ally within…

Sebrae launches, this Wednesday (23), the Observatório Data MPE Brasil platform, a service aimed at the production, dissemination and analysis of…
Minerva is negotiating the acquisition of a slaughterhouse in Uruguay

Minerva is negotiating the acquisition of a slaughterhouse in…

Brazilian company holds the exclusivity to buy BPU, controlled by the Japanese of NH Foods Minerva Foods is close to closing…

Leave a Reply

Your email address will not be published. Required fields are marked *