Ternium to Acquire Nippon and Mitsubishi Stakes in Usiminas Control Group for $315 Million

Reuters11-05

Ternium to Acquire Nippon and Mitsubishi Stakes in Usiminas Control Group for $315 Million

Ternium S.A. disclosed that its subsidiary, Ternium Investments S.à r.l., has entered into a share purchase agreement to acquire the remaining shares held by Nippon Steel Corporation and Mitsubishi Corporation in the control group of Usinas Siderúrgicas de Minas Gerais S.A. - Usiminas. The transaction involves the purchase of 153.1 million ordinary shares at $2.06 per share, totaling approximately $315.2 million in cash. Upon completion, Ternium's participation in Usiminas' control group will increase from 51.5% to 83.1%. Together with its affiliate companies, Ternium will hold a 92.9% stake in the control group, while Previdência Usiminas will retain the remaining 7.1%. The move is aimed at strengthening Ternium's commitment to Usiminas and the Brazilian steel market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ternium SA published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1097117) on November 05, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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