Ternium to Acquire Nippon Groups' Remainder Participation in Usiminas' Control Group
Ternium (NYSE:TX) announced that subsidiary Ternium Investments agreed to buy Nippon Steel and Mitsubishi's remaining participations in Usiminas' control group at $2.06 per ordinary share, totaling approximately $315.2 million for 153.1 million shares.
The purchase would raise Ternium's participation in the Usiminas control group from 51.5% to 83.1%, and together with Ternium Argentina and Confab (Tenaris affiliate) the T/T group would hold 92.9% of the control group; Previdência Usiminas will retain 7.1%. The transaction is subject to Brazil antitrust approval and will be financed with cash on hand.
Ternium (NYSE:TX) ha annunciato che la controllata Ternium Investments ha concordato di acquistare le partecipazioni residue di Nippon Steel e Mitsubishi nel gruppo di controllo di Usiminas a $2.06 per azione ordinaria, per un totale di circa $315.2 milioni per 153.1 milioni di azioni.
L'acquisto aumenterebbe la partecipazione di Ternium nel gruppo di controllo di Usiminas dal 51.5% al 83.1%, e insieme a Ternium Argentina e Confab (filiale di Tenaris) il gruppo T/T possederebbe 92.9% del gruppo di controllo; Previdência Usiminas manterrà 7.1%. L'operazione è soggetta all'approvazione antitrust brasiliana e sarà finanziata con disponibilità liquide.
Ternium (NYSE:TX) anunció que la subsidiaria Ternium Investments acordó comprar las participaciones restantes de Nippon Steel y Mitsubishi en el grupo de control de Usiminas por $2.06 por acción ordinaria, por un total de aproximadamente $315.2 millones por 153.1 millones de acciones.
La compra aumentaría la participación de Ternium en el grupo de control de Usiminas desde 51.5% a 83.1%, y junto con Ternium Argentina y Confab (afiliada de Tenaris) el grupo T/T poseería 92.9% del grupo de control; Previdência Usiminas retendrá 7.1%. La operación está sujeta a la aprobación antimonopolio de Brasil y se financiará con efectivo disponible.
Ternium (NYSE:TX)는 자회사인 Ternium Investments가 Nippon Steel과 Mitsubishi의 Usiminas 지배 그룹에 대한 남은 지분을 주당 $2.06에 매입하는 것에 동의했다고 발표했으며, 총 약 $315.2백만의 금액으로 153.1백만 주를 매입한다.
이 매입으로 Usiminas 지배 그룹에 대한 Ternium의 지분은 51.5%에서 83.1%로 상승하게 되며, Ternium Argentina 및 Confab(Tenaris의 계열사)과 합치면 T/T 그룹은 지배 그룹의 92.9%를 보유하게 된다; Previdência Usiminas는 7.1%를 유지한다. 거래는 브라질 독점 규제 승인을 받게 되며 현금으로 조달된다.
Ternium (NYSE:TX) a annoncé que sa filiale Ternium Investments a accepté d’acheter les participations restantes de Nippon Steel et Mitsubishi dans le groupe de contrôle d’Usiminas au $2.06 par action ordinaire, pour un total d’environ $315.2 millions pour 153.1 millions d’actions.
Cet achat ferait passer la participation de Ternium dans le groupe de contrôle d’Usiminas de 51.5% à 83.1%, et, associé à Ternium Argentina et Confab (filiale de Tenaris), le groupe T/T détiendrait 92.9% du groupe de contrôle; Previdência Usiminas conservera 7.1%. L’opération est soumise à l’approbation antitrust au Brésil et sera financée avec des liquidités disponibles.
Ternium (NYSE:TX) gab bekannt, dass die Tochtergesellschaft Ternium Investments zugestimmt hat, die verbleibenden Beteiligungen von Nippon Steel und Mitsubishi am Usiminas-Kontrollgremium zum Preis von $2.06 pro Aktie zu erwerben, insgesamt ca. $315.2 Millionen für 153.1 Millionen Aktien.
Der Kauf würde Terniums Beteiligung am Usiminas-Kontrollgremium von 51,5% auf 83,1% erhöhen, und zusammen mit Ternium Argentina und Confab (Tenaris-Tochter) würde die T/T-Gruppe 92,9% des Kontrollgremiums halten; Previdência Usiminas behält 7,1%. Die Transaktion unterliegt der brasilianischen Kartellaufsicht und wird mit vorhandenem Bargeld finanziert.
Ternium (NYSE:TX) أعلنت أن الشركة التابعة Ternium Investments وافقت على شراء الحصص المتبقية لشركتي Nippon Steel وميتسوبيشي في مجموعة السيطرة لـ Usiminas بسعر $2.06 للسهم العادي، وبإجمالي يقارب $315.2 مليون لـ 153.1 مليون سهم.
سيؤدي الشراء إلى رفع حصة Ternium في مجموعة السيطرة لـ Usiminas من 51.5% إلى 83.1%، وبالإضافة إلى Ternium Argentina وConfab (فرع Tenaris) ستملك مجموعة T/T 92.9% من مجموعة السيطرة؛ ستحفظ Previdência Usiminas 7.1%. المعاملة خاضعة لـ الموافقة على مكافحة الاحتكار في البرازيل وستتم تمويلها نقداً من النقد المتاح.
- Purchase price fixed at $2.06 per ordinary share
- Aggregate cash consideration of approximately $315.2 million
- Control stake rises from 51.5% to 83.1% in Usiminas control group
- T/T group control increases to 92.9% of the control group
- Financing via cash on hand (no immediate equity dilution)
- Transaction is subject to Brazil antitrust approval, creating closing risk
- $315.2 million cash outflow will reduce Ternium's liquidity position
Insights
Ternium increases control of Usiminas to sharpen governance and operational influence, paying
By acquiring the remainder participations from Nippon Steel Corporation and Mitsubishi Corporation, Ternium raises its stake in the Usiminas control group from
Key dependencies include receipt of approval from Brazil's antitrust authorities and completion of closing administrative steps; those approvals directly determine timing and enforceability. Watch antitrust review milestones over the coming regulatory period and any reported conditions the authorities might impose; the announced price and financing are fixed and paid in cash, so market financing risk is minimal.
LUXEMBOURG, LU / ACCESS Newswire / November 5, 2025 / Ternium S.A. (NYSE:TX) announced today that its subsidiary Ternium Investments S.à r.l. has entered into a share purchase agreement to acquire from Nippon Steel Corporation and Mitsubishi Corporation their remainder participations in the control group of Usinas Siderúrgicas de Minas Gerais S.A. - USIMINAS ("Usiminas"), at the price per ordinary share that the parties had agreed upon for the option transaction contemplated in the new Usiminas shareholders agreement entered into on July 3, 2023. Pursuant to the transaction, Ternium would pay
The Usiminas control group holds the majority of Usiminas' voting rights. Upon the closing of this transaction, Ternium Investments and its subsidiary Ternium Argentina, together with Confab, a subsidiary of its affiliate Tenaris S.A. (all of which compose the T/T group within Usiminas' shareholders' agreement), will hold an aggregate participation of
This additional investment further strengthens Ternium's commitment to Usiminas and the Brazilian steel market. Ternium will continue working to take Usiminas to its full potential, aiming to enhance its competitiveness and value in the best interest of Usiminas and all its stakeholders.
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.
CONTACT:
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 exactly is Ternium (TX) acquiring from Nippon Steel and Mitsubishi on November 5, 2025?
How much will Ternium's share of the Usiminas control group increase after the TX purchase?
Will the Ternium (TX) transaction change overall control of Usiminas?
How will Ternium (TX) finance the Usiminas purchase and will it dilute shareholders?
What regulatory approvals does Ternium (TX) need to close the Usiminas deal?
How many Usiminas shares is Ternium buying and what is the aggregate price?
