Ternium Completes Acquisition of Nippon Groups' Remainder Participation in Usiminas' Control Group
Rhea-AI Summary
Ternium (NYSE:TX) said its subsidiary Ternium Investments S.à r.l. completed the acquisition of 153.1 million ordinary shares of Usiminas from Nippon Steel and Mitsubishi for approximately $315.2 million cash on February 10, 2026. The transaction follows a previously disclosed agreement on November 5, 2025 and consolidates the announced purchase.
Positive
- Completed purchase of 153.1 million shares of Usiminas
- Transaction value of $315.2 million paid in cash
- Deal closes a previously disclosed agreement from Nov 5, 2025
Negative
- Immediate cash outflow of $315.2 million
News Market Reaction
On the day this news was published, TX gained 2.33%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
TX gained 1.13% while key peers were mixed: GGB up 0.94%, RS roughly flat, and CLF down 6.03%. This pattern points to a stock-specific reaction rather than a broad steel-sector move.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 05 | Usiminas stake buy | Positive | +1.2% | Announced agreement to purchase Nippon and Mitsubishi’s Usiminas control-group stake. |
| Dec 06 | Indemnification ruling | Negative | +3.1% | Court confirmed indemnification obligations tied to 2012 Usiminas acquisition, subject to appeals. |
| Jun 18 | Court indemnification | Negative | -1.9% | SCJ ordered indemnification to CSN related to 2012 Usiminas stake purchase. |
Acquisition- and Usiminas-related legal news have typically produced modest single-digit moves, with mostly aligned market reactions but one notable divergence on adverse court news.
Recent news flow around Ternium has centered on Usiminas-related acquisitions and litigation. On Nov 5, 2025, TX announced the agreement to buy Nippon Steel and Mitsubishi’s remaining Usiminas control-group stake for about $315.2 million, which saw a 1.18% gain. Earlier decisions by Brazil’s Superior Court of Justice in June 2024 and December 2024 ordered and then confirmed substantial indemnifications tied to the 2012 Usiminas acquisition, with mixed share-price reactions. Today’s completion directly follows the November 2025 agreement.
Historical Comparison
Past acquisition-tagged Usiminas news for TX produced average moves of about 0.77%, suggesting typically measured market reactions to similar announcements.
Acquisition news evolved from a 2012 Usiminas stake purchase and ensuing litigation, through indemnification rulings in 2024, to the November 2025 agreement to raise Usiminas control-group ownership and today’s completion of that deal.
Market Pulse Summary
This announcement confirms completion of Ternium’s previously agreed acquisition of 153.1 million Usiminas ordinary shares for about $315.2 million, increasing its influence within the control group. It builds directly on the November 2025 deal terms. In context of earlier Brazilian court decisions imposing potential indemnifications tied to the 2012 Usiminas transaction, investors may monitor how greater control interacts with ongoing legal exposures and how Usiminas’ results contribute to Ternium’s broader financial profile.
AI-generated analysis. Not financial advice.
LUXEMBOURG, LU / ACCESS Newswire / February 10, 2026 / Ternium S.A. (NYSE:TX) announced today that its subsidiary Ternium Investments S.à r.l. completed the acquisition of 153.1 million ordinary shares of Usinas Siderúrgicas de Minas Gerais S.A. - Usiminas ("Usiminas") from Nippon Steel Corporation and Mitsubishi Corporation for a total consideration of approximately
Forward Looking Statements
Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.
About Ternium
Ternium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, especially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.
Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.com
SOURCE: Ternium S.A.
View the original press release on ACCESS Newswire
FAQ
What did Ternium (TX) acquire from Nippon Steel and Mitsubishi on February 10, 2026?
How much did Ternium (TX) pay to complete the Usiminas share acquisition?
When was the Usiminas share transaction originally disclosed for Ternium (TX)?
Which Ternium entity completed the acquisition of Usiminas shares?
What immediate financial effect did the Usiminas acquisition have on Ternium (TX)?
