Ternium plans to acquire the remaining shares of Nippon Steel in Usiminas for approximately $315.2 million, enhancing its ownership in the control group to 83.1%.

Target Information

Ternium S.A. has announced its plan to acquire the remaining stake of Nippon Steel Corporation in the control group of Usiminas. Through its subsidiary, Ternium Investments, the company has signed a stock purchase agreement to acquire shares from Nippon Steel Corporation and Mitsubishi Corporation. The agreed price per ordinary share is set at $2.06, resulting in a total acquisition cost of approximately $315.2 million for 153.1 million ordinary shares. This strategic move will enhance Ternium's ownership in the control group of Usiminas from 51.5% to a substantial 83.1%.

Industry Overview in Brazil

The Brazilian steel industry has seen significant transformations in recent years, driven by increased demand and investment in infrastructure projects. Brazil remains one of the largest producers of steel in Latin America, with key players actively investing in technology and capacity expansion. The market dynamics have been favorable, characterized by a growing economy and rising domestic consumption.

Brazil's steel sector is crucial for various industries, including construction, automotive, and machinery manufacturing. With continued governmental initiatives aimed at infrastructure development