Ternium Completes Acquisition of Nippon Groups' Remainder Participation in Usiminas' Control Group

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.

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

Argus Feb 11 session

+2.33% close to close Open Argus

Details

News Market Reaction – TX

In the Feb 11 session, TX gained 2.33%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms completion of Ternium’s previously agreed acquisition of 153.1 million Us...

Analysis

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.

Key Figures

Acquisition consideration: $315.2 million Usiminas shares acquired: 153.1 million shares Usiminas price per share: $2.06 per share +5 more

Acquisition consideration

$315.2 million

Cash paid for 153.1 million Usiminas ordinary shares

Usiminas shares acquired

153.1 million shares

Ordinary shares bought from Nippon Steel and Mitsubishi

Usiminas price per share

$2.06 per share

Agreed price in Nov 5, 2025 acquisition announcement

Control-group stake pre-deal

51.5%

Ternium’s participation in Usiminas control group before acquisition

Control-group stake post-deal

83.1%

Ternium’s participation in Usiminas control group after closing

T/T group control stake

92.9%

Combined Ternium Investments, Ternium Argentina and Confab share of control group

Potential indemnification (Ternium Investments)

BRL 3.2 billion

Upper bound from June 18, 2024 SCJ ruling

Potential indemnification (Ternium Argentina)

BRL 1.1 billion

Upper bound from June 18, 2024 SCJ ruling

Previous Acquisition Reports

3 past events · Latest: Nov 05

Same Type 3 events

1. Nov 05

   Usiminas stake buy

   24h Move

   +1.2%

   Announced agreement to purchase Nippon and Mitsubishi’s Usiminas control-group stake.

2. Dec 06

   Indemnification ruling

   24h Move

   +3.1%

   Court confirmed indemnification obligations tied to 2012 Usiminas acquisition, subject to appeals.

3. Jun 18

   Court indemnification

   24h Move

   -1.9%

   SCJ ordered indemnification to CSN related to 2012 Usiminas stake purchase.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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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 $315.2 million in cash, pursuant to the transaction previously disclosed on November 5, 2025.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Ternium (TX) acquire from Nippon Steel and Mitsubishi on February 10, 2026?

Ternium acquired 153.1 million ordinary shares of Usiminas for approximately $315.2 million. According to the company, the purchase was completed by its subsidiary Ternium Investments S.à r.l., following the November 5, 2025 transaction disclosure.

How much did Ternium (TX) pay to complete the Usiminas share acquisition?

Ternium paid approximately $315.2 million in cash to acquire the Usiminas shares. According to the company, the cash consideration was paid by its subsidiary and the deal closes the previously announced transaction.

When was the Usiminas share transaction originally disclosed for Ternium (TX)?

The transaction was previously disclosed on November 5, 2025 and completed on February 10, 2026. According to the company, the closing finalizes the terms announced in the November disclosure.

Which Ternium entity completed the acquisition of Usiminas shares?

The acquisition was completed by Ternium Investments S.à r.l., a Ternium subsidiary. According to the company, this subsidiary executed the purchase of 153.1 million Usiminas ordinary shares for cash.

What immediate financial effect did the Usiminas acquisition have on Ternium (TX)?

The immediate effect was a $315.2 million cash outflow related to the share purchase. According to the company, the payment was made in cash by its subsidiary to Nippon Steel and Mitsubishi.