"Fierce battle" overseas! CNBM, Conch and Huaxin Intend to Acquire the Same Overseas Assets, the Amount Will Exceed 10 Billion!

Brazilian steel giant CSN is pushing ahead with the sale of its cement business,

according to the website. The firm's chief financial officer, Marco Rabelo, recently told Reuters that the binding offer phase would begin in just over a month and that the process would be fast-tracked after non-binding offers were received and shortlisted institutions were screened. According to people familiar with the matter, the cement asset is expected to sell for more than 10 billion reals (13.759 billion yuan) , and has attracted a number of large Brazilian and international companies to participate in the bidding.

This potential buyer presents a significant international feature. In Brazil itself, both Votorantim and J & F, which controls meat processor JBS, have shown strong interest. Among them, J & F is negotiating an offer of about 10 billion reals, while Votorantim may choose to bid independently or jointly with partners. Among the

international bidders, Chinese companies are particularly noticeable, including Anhui Conch Cement , Huaxin Building Materials and Sinoma International. It is reported that Huaxin Building Materials has completed the relevant acquisition layout in Brazil in 2024, and has the market foundation in the early stage.

In addition, sources said that Italian and Mexican enterprises will also join the competition, further intensifying the bidding competition pattern.

The asset sale is the decisive measure of CSN's strategy to reduce its overall debt level. Rabello disclosed that the delivery and capital arrival of the cement business sale are expected to be completed by the end of this year, and the specific timetable still depends on the approval progress of the Brazilian competition regulator and the final buyer.

This active participation in the bidding of Brazilian cement assets also reflects the overall trend of Chinese cement enterprises to speed up going to sea. Faced with the continuous decline in domestic market demand and intensified competition in the industry, leading cement enterprises have turned their attention to overseas markets, expanding international business through cross-border mergers and acquisitions, layout of production capacity and participation in infrastructure projects, opening up new profit growth points globally, and enhancing international operational capabilities and global market competitiveness.