Ternium Receives $136.7 Mln From Venezuela's Sidor; Shares Flat After Hours

By MidnightTrader.com Staff,

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Ternium ( TX ) has received payment of the unpaid portion of the agreed-upon compensation for the May 2009 transfer of its interest in Sidor, the largest state-owned steel maker in Venezuela, of $136.7 million.

The 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).

Shares are flat at $18.88 in the after hours session, with a 52-week range of $15.31 - $26.24.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: TX

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