Ternium executive rules out joint TK bid
Feb 21, 2013 | 02:54 PM
| Ana Paula Camargo
SÃO PAULO Latin American steelmaker Ternium SA does not plan to join forces with another company for a possible acquisition of ThyssenKrupp AGs 73.13-percent stake in the 5-million-tonne-per-year Cia. Siderúrgica do Atlântico (CSA) slab plant in Brazil.
"We would not seek (partners for the potential acquisition of) CSA, not even Usiminas (Belo Horizonte, Brazil-based Usinas Siderúrgica de Minas Gerais SA) as it has now other targets, such as its turnaround," Ternium chief executive officer Daniel Novegil said during a conference call with investors and analysts.....
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