Tenaris completes acquisition of additional participation in usiminas control group

Luxembourg, july 03, 2023 (globe newswire) -- tenaris s.a. (nyse and mexico: ts and exm italy: ten) reported today that its brazilian subsidiary confab industrial s.a., together with its affiliates ternium investments and ternium argentina, all of which compose the t/t group within the usiminas control group, completed the previously announced acquisition of 68.7 million ordinary shares of usinas siderÚrgicas de minas gerais s.a. – usiminas (“usiminas”) from nippon steel corporation, mitsubishi and metalone (the “nsc group”), pro rata to their current participations in the t/t group within the usiminas control group, at a price of brl 10 per ordinary share.
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