CSN in Brazil signed an exclusive agreement with China’s Huaxin for its cement unit. If the transaction is completed, Huaxin will acquire all shares in CSN Cimentos, with a stated value of R$12.7 billion. The announcement follows the strategy CSN outlined in January this year. At the time, the company’s board of directors authorized the launch of a plan to sell major assets and pursue “strategic moves necessary to reduce debt and rebalance the capital structure.” (we reported here 20.O1 and in 04.06.).