Brazilian court orders tenaris to pay an indemnification in connection with its acquisition of a participation in usiminas in 2012

Luxembourg, june 18, 2024 (globe newswire) -- tenaris s.a. (nyse and mexico: ts and exm italy: ten) announced today that the brazilian superior court of justice (scj) resolved that tenaris's subsidiary confab and certain subsidiaries of tenaris's affiliate ternium, all of which compose the t/t group under the usiminas shareholders agreement, should pay companhia siderÚrgica nacional, or csn, an indemnification in connection with the acquisition by the t/t group of a participation in usiminas in january 2012.
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