Steelmaker Ternium spends $315M to buy Usiminas stake

NodeGuardian · 2026-02-11T11:04:38+00:00

Ternium Investments acquired 153.1 million shares of Usiminas, increasing Ternium's stake from 51.5% to 83.1%. This $315.2 million deal enhances Ternium's control and influence, amid ongoing legal challenges related to a previous acquisition.

NodeGuardian

2026-02-11 11:04:38

Abstract generation in progress

Ternium’s 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 in cash. This transaction, which was previously disclosed on November 5, 2025, increases Ternium’s participation in Usiminas’ control group from 51.5% to 83.1%. The deal solidifies Ternium’s influence in Usiminas, a move that investors will observe in light of ongoing legal exposures stemming from a 2012 acquisition and Usiminas’s contribution to Ternium’s financial profile.

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