LUXEMBOURG / ACCESSWIRE / May 26, 2022 / Ternium S.A. (NYSE:TX) was advised today that an Italian court of first instance overseeing an investigation into allegedly improper payments made in Brazil prior to 2014 for the supposed benefit of a subsidiary of Tenaris S.A., an affiliate of the Company, dismissed for lack of jurisdiction the case brought by the public prosecutor against Ternium’s Chairman Paolo Rocca, Board members Gianfelice Rocca and Roberto Bonatti, and the Company’s controlling shareholder, San Faustin S.A. Neither Ternium nor any of its subsidiaries were involved in these proceedings, which were previously disclosed by Ternium on February 14, 2020. The Italian public prosecutor may appeal the decision.
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About Ternium
Ternium is Latin America’s leading flat steel producer, with operating facilities in Mexico, Brazil, Argentina, Colombia, the southern United States and Central America. The company offers a broad range of high value-added steel products for customers active in the automotive, home appliances, HVAC, construction, capital goods, container, food and energy industries through its manufacturing facilities, service center and distribution networks, and advanced customer integration systems. More information about Ternium is available at www.ternium.com.
CONTACT:
Sebastián Martí
Ternium – Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.com
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SOURCE: Ternium S.A.
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