Brazilian court confirms tenaris's obligation to pay indemnification in connection with its 2012 acquisition of a participation in usiminas; the decision is subject to further appeals

Luxembourg, dec. 06, 2024 (globe newswire) -- tenaris s.a. (nyse and mexico: ts and exm italy: ten) announced that the brazilian superior court of justice (scj) published today its unanimous decision to reject a motion of clarification filed by tenaris's subsidiary confab, together with ternium's subsidiaries ternium investments and ternium argentina (all of which compose the t/t group under the usiminas shareholders agreement), that had sought to revert the june 18, 2024 scj decision ordering the t/t group to pay companhia siderÚrgica nacional, or csn, an indemnification in connection with their 2012 acquisition of a participation in usiminas.
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