Zhitong Finance App News, Huaxin Materials (600801.SH) announced that on the basis of the corporate value of the agreement being BRL 12.7 billion (equivalent to about US$2,308.5 billion), the company plans to acquire CSN held by COMPANHIA SIDERÚRGICANACIONAL (Brazilian National Steel Company, “CSN” for short) at an estimated price of approximately 9033.7 billion Brazilian reais (equivalent to approximately US$1,642 million, adjusted based on net debt and working capital in financial statements on the day of delivery) CIMENTOS BRASIL S.A. (Brazilian National Steel and Cement Company, CSN CIMENTOS for short) holds 99.99% of the shares.

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