04:07 AM EST, 11/05/2025 (MT Newswires) -- Ternium ( TX ) said Wednesday its Ternium Investments unit has signed a deal with Nippon Steel and Mitsubishi to acquire their remaining holdings in the control group of Usinas Siderurgicas de Minas Gerais for about $315.2 million in cash, or $2.06 per ordinary share.

At completion, Ternium Investments and its Ternium Argentina unit, together with Confab, will hold a roughly 93% stake in Usinas Siderurgicas' control group, the company said.

Ternium ( TX ) said its stake in the control group will rise to about 83% from 51.5% after the transaction.