Pinheiro Neto advise NSC on the sale of Usiminas to Ternium
Pinheiro Neto Advogados advised Nippon Steel Corporation, Metal One Corporation and Mitsubishi Corporation (NSC Group) entered into a share purchase and sale agreement with Ternium Investents S.à.r.l. and its affiliates (Ternium Group), whereby NSC Group undertake to sell to Ternium Group 68,667,964 ordinary shares of Usinas Siderúrgicas de Minas Gerais – USIMINAS, at a price of BRL10 per ordinary share.
The transaction value was worth R$ 686,679,640.00.
The consummation of the transaction is subject to the usual conditions precedent, in particular the prior antitrust approval of the antitrust authority in Brazil.
Pinheiro Neto advised Nippon Steel Corporation and relied on partner João Marcelo Gonçalves Pacheco (pictured); associates Nicholas Versignassi and Filipe Coube Ferraz.
Mitrani, Caballero & Ruiz Moreno Abogados advised Ternium Group and relied on partners Diego Parise and Juan Ignacio Soma.
