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Ternium will assume full control of Usiminas-Casting Exhibition-The 26th China(Guangzhou) International Casting Products ,foundry Industry Exhibition
11/6/2025 铸件展-铸件展会-casting expo-casting exhibition |
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Ternium announced that its subsidiary, Ternium investments, will buy from Nippon Steel and MitsubishiCorporation their remaining shareholding participations in the group that controls the Brazilian steel and iron oreproducer Usiminas.
Ternium will pay the equivalent to $315.2 milion for the 153.1 milion shares involved, increasing its participationin the control group from 51.5 to 83.1 percent.
After the conclusion of the operation, which depends on the approval of the competition authorities in Brazil.Ternium investments, its subsidiary Ternium Argentina and Confab, subsidiary of Tenaris, will achieve a totalparticipation of 92.9 percent in the control group, while the pension fund of the workers of Usiminas will hold theremaining 7.1 percent.
The acquisition will be made with Ternium''s own resources.
铸件展-铸件采购会-国际铸件展-铸造工业展-2026第二十六届广州国际铸件产品及铸造工业展会-巨浪展览-Casting Exhibition-The 26th China(Guangzhou) International Casting Products ,foundry Industry Exhibition
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