Nippon Steel Sells Entire Usiminas Stake to Ternium
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Nippon Steel Corporation has agreed to sell its entire stake of approximately 149.4 million shares in Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) to Ternium Investments S.à r.l. Usiminas, a major steel manufacturer based in Brazil, operates steelworks in Ipatinga and Cubatão. The transaction is governed by an existing Shareholders’ Agreement between the parties.
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