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Investment Summary

Ternium Invests In Usinas Siderúrgicas de Minas Gerais S.A.

On October 2, 2014, Ternium invested in metals/mining company Usinas Siderúrgicas de Minas Gerais S.A. from Caixa De Previdencia Dos Funcionarios Do Banco Do Brasil

Investment Highlights
  • This is Ternium’s 1st transaction in the Metals/Mining sector.
  • This is Ternium’s 1st transaction in Brazil.

Investment Summary
Date 2014-10-02
Target Usinas Siderúrgicas de Minas Gerais S.A.
Sector Metals/Mining
Investor(s) Ternium
Sellers(s) Caixa De Previdencia Dos Funcionarios Do Banco Do Brasil
Deal Type Stake Purchase

Target

Usinas Siderúrgicas de Minas Gerais S.A.

Belo Horizonte, Brazil
Usiminas started up its operations in 1962. Since then, it has become one of the largest Brazilian steelmakers, with operations in several segments of the steel value chain, such as mining and logistics, capital goods, service and distribution centers and customized solutions for the industry. The Company continuously seeks to expand the industrial efficiency of its operations and work in an integrated fashion with its customers, aiming to contribute to the development of the Brazilian industrial chain.

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Investor(S) 1

Investor

Ternium

Luxembourg, Luxembourg
Category Company
Founded 1961
Sector Metals/Mining
Employees33,949
Revenue 17.6B USD (2024)
DESCRIPTION

Ternium manufactures and processes a broad range of steel products, with the most advanced technology. Ternium was founded in 1961 and is based in Luxembourg City.

DEAL STATS #
Overall 1 of 3
Sector: Metals/Mining M&A 1 of 3
Type: Stake Purchase M&A Deals 1 of 2
Country: Brazil M&A 1 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-14 IMSA Steel

Kalama, Washington, United States

IMSA Steel Corp. provides coating of metals and formed products.

Sell $730M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-20 Ferrasa S.A.S.

Itagui, Colombia

Ferrasa is a long and flat steel products processor and distributor in Colombia and a scrap-based long steel manufacturer, with finished steel annual production capacity of approximately 480,000 tons and annual sales of close to 600,000 tons, of which approximately 70% are long products and 30% are flat and tubular products, used mainly in the construction sector.

Buy -

Seller(S) 1

SELLER

Caixa De Previdencia Dos Funcionarios Do Banco Do Brasil

Rio de Janeiro, Brazil
Category Company
Founded 1904
Sector Financial Services
DESCRIPTION

Caixa De Previdencia Dos Funcionarios Do Banco Do Brasil (Previ) Bank of Brazil Employees' Pension Fund is among the largest pension funds in Latin America. PREVI is a closed pension entity and its participants are employees of Banco do Brasil and employees of its own board. The Institution works to guarantee these participants social security benefits complementary to those of the Official Pension Plan, in order to contribute to the quality of life of members and their dependents.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2014 M&A 1 of 1
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