After deal with CSN, Holcim leaves Brazil, but not other Latin American countries

Two analysts from UBS, calculated in April that the value of the deal in Brazil could reach US$ 1.4 billion. With US$1.025 billion, the deal now has closed at a much lower value.

RIO DE JANEIRO, BRAZIL - The world leader in the production of cement and other construction materials, the Swiss group Holcim announced on Friday (9) the sale of its business in Brazil for a value of US$1.025 billion to CSN (Companhia Siderúrgica Nacional). But it will strengthen its activities in other countries in Latin America.

The divestment in Brazil includes Holcim's five integrated cement plants, four grinding stations, six aggregates sites, and 19 concrete mixing facilities.

Group CEO Jan Jenish said in a statement in Zurich that the sale of the activities in Brazil "strengthens the company . . .

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