Ternium SA (TX) has released an update.
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Ternium S.A. has been ordered by the Brazilian Superior Court of Justice to pay an indemnification related to its 2012 acquisition of a stake in Usiminas, though the decision is open to further appeals. The court adjusted the monetary mechanism and capped attorney fees, potentially reducing the payment amount. Ternium plans to continue challenging the decision, asserting that CSN’s claims lack merit.
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