According to Zhitong Finance App, Huaxin Materials (06655.HK) issued an announcement. On November 7, 2026, the buyer (the company) and the seller Brazil National Steel Company (independent third party) signed an equity acquisition agreement. According to this, on the basis of the agreement's corporate value of BRL 12.7 billion (equivalent to about US$2,308.5 billion), the buyer conditionally agreed to the acquisition, and the seller was conditional to sell 99.99% of the target company Brazilian National Steel and Cement Company. The total cost is estimated to be approximately R $9,033.7 billion (equivalent to approximately US$1,642 million, adjusted based on the net debt and working capital of the financial statements on the delivery date).
Zhitongcaijing · 1d ago
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According to Zhitong Finance App, Huaxin Materials (06655.HK) issued an announcement. On November 7, 2026, the buyer (the company) and the seller Brazil National Steel Company (independent third party) signed an equity acquisition agreement. According to this, on the basis of the agreement's corporate value of BRL 12.7 billion (equivalent to about US$2,308.5 billion), the buyer conditionally agreed to the acquisition, and the seller was conditional to sell 99.99% of the target company Brazilian National Steel and Cement Company. The total cost is estimated to be approximately R $9,033.7 billion (equivalent to approximately US$1,642 million, adjusted based on the net debt and working capital of the financial statements on the delivery date).
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