Ternium to acquire remaining Usiminas control group shares for $315.2 million

Ternium has announced its plan to acquire the remaining shares of Usiminas' control group for $315.2 million. This acquisition aims to consolidate Ternium's ownership and is expected to strengthen its position in the steel market. By obtaining full control, Ternium anticipates enhancing its operational capabilities and streamlining decision-making processes within Usiminas. The move reflects a strategic effort to solidify Ternium's influence and competitiveness in the industry. This planned acquisition aligns with recent market activities involving Usiminas, indicating a focused approach to expanding Ternium's portfolio. The transaction underscores Ternium's commitment to growth through targeted investments in key industry players. Overall, the acquisition is positioned as a significant step in Ternium's long-term business strategy.