Steel Mills
February 22, 2017
Ternium Purchases CSA from Thyssenkrupp AG
Written by Sandy Williams
Ternium announced today the purchase of 100 percent of Thyssenkrupp AG’s Brazilian steel mill CSA, Cia Siderúrgica do Atlantico SA. The sale is based on a September 30, 2016 valuation of EUR 1.5 billion (US$1.86 billion) that is subject to agreed adjustments at closing. Ternium expects to disburse EUR 1.26 billion ($1.33 billion) for the transaction and assume EUR 300 million of CSA’s debt. The transaction is subject to antitrust clearance in several jurisdictions, including Brazil, Germany and the United States, and is expected to close on or before September 30, 2017.
The sale includes the transfer to Ternium of the agreement to supply 2.0 million tons of slabs from CSA to the Calvert re-rolling facility in Alabama.
