Ternium Receives Payment of All Outstanding Amounts in Connection With Sidor's Nationalization
Ternium S.A. (NYSE: TX) announced today that it has received payment of the unpaid portion of the agreed-upon compensation for the May 2009 transfer of its interest in Sidor. Ternium received USD136.7 million. The receipt of this payment resolves the pending dispute with Venezuela relating to the nationalization of Sidor, which was submitted for arbitration before the International Centre for Settlement of Investment Disputes (ICSID). About Ternium Ternium is a leading steel company in Latin America, manufacturing and processing a wide range of flat and long steel products for customers active in the construction, home appliances, capital goods,
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.