February 28, 2024

SAO PAULO, Aug 17 (Reuters) – Brazil’s antitrust regulator CADE on Wednesday approved the sale of Holcim AG’s (HOLN.S) local cement business to steelmaker Cia Siderurgica Nacional (CSNA3.SA) with no restriction, allowing the $1.025 billion deal to be completed.

CSN first announced the acquisition of LafargeHolcim Brasil in September 2021 as Switzerland-based Holcim, the world’s largest cement maker, tries to diversify away from its core business.

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Reporting by Gabriel Araujo; Editing by Brendan O’Boyle

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