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Ternium And Tenaris To Jointly Purchase Brazilian Steelmaker For $2.7 Billion

published December 01, 2011

By Author - LawCrossing
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( 1 vote, average: 4.8 out of 5)
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12/01/11

Ternium And Tenaris To Jointly Purchase Brazilian Steelmaker For $2.7 Billion
Two Luxembourg-based steel manufacturers, Ternium and Tenaris, owned by the Techint Group, will jointly purchase a 27.7 percent voting stake in Brazilian steelmaker Usinas Siderurgicas de Minas Gerais for $2.7 billion. Terms of the deal calls for Ternium to pay $2.2 billion, while Tenaris to pay the remaining $500 million of the total purchase price. Local attorneys Cristian Mitrani and Diego Parise, partners at Mitrani, Caballero, Rosso Alba, Francia, Ojam & Ruiz Moreno will be advising Ternium and Tenaris on the matter. M&A partner Moacir Zilbovicius, is advising the Techint subsidiaries.

published December 01, 2011

By Author - LawCrossing
( 1 vote, average: 4.8 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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