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18 Jun

Ternium to compensate CSN in Usiminas dispute: court

The Brazilian Superior Court of Justice (SCJ) has ordered Ternium to pay an indemnification to Companhia Siderúrgica Nacional (CSN), in connection with its acquisition of a participation in Usiminas in 2012, CSN tells Kallanish. The steelmaker filed a lawsuit in Brazil against the Techint-Ternium Group (TT) alleging that the buyer was required to launch a tag-along tender offer to all non-controlling holders of Usiminas ordinary shares for a price per share…
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