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Ternium announced an agreement to acquire 68.7 million ordinary shares of Brazilian steel producer Usiminas from Nippon Steel, Mitsubishi, and Metal One for BRL 10 per share. The deal will give Ternium 61.3% control of Usiminas, subject to antitrust approval.
“Ternium announced that it has reached an agreement to acquire 68.7 million of ordinary shares of the Brazilian flat steel producer Usiminas.”steelorbis.com
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