# Ternium to acquire controlling stake in Usiminas

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.

- Type: Acquisition
- Announced: 2023-03-31
- Where: Brazil
- Value: $133.3M (687.0M BRL)
- Status: announced
- Products: flat steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mitsubishi Corporation](https://endata.com/companies/575.md) (partner)
- [Nippon Steel](https://endata.com/companies/7455.md) (partner)
- [Ternium S.A.](https://endata.com/companies/22416.md) (acquirer)
- [Metal One Corporation](https://endata.com/companies/25463.md) (partner)
- [Usiminas](https://endata.com/companies/69459.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/ternium-to-acquire-controlling-shares-of-usiminas-1285015.htm), 2023-03-31: "Ternium announced that it has reached an agreement to acquire 68.7 million of ordinary shares of the Brazilian flat steel producer Usiminas."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.