Brazilian Court Confirms Ternium's Obligation to Pay Indemnification in connection with its 2012 Acquisition of a Participation in Usiminas; the Decision is subject to Further Appeals
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The Brazilian Superior Court of Justice has confirmed Ternium S.A.'s obligation to pay indemnification related to its 2012 acquisition of a stake in Usiminas. The decision can still be appealed.
December 06, 2024 | 9:45 pm
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Ternium S.A. faces a legal obligation to pay indemnification related to its 2012 acquisition of a stake in Usiminas, as confirmed by the Brazilian Superior Court of Justice. The decision is subject to further appeals.
The court's decision imposes a financial obligation on Ternium, which could negatively impact its stock price in the short term. However, the possibility of further appeals introduces some uncertainty.
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