SAO PAULO, June 6 A unit of Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA has ended an arbitration case with Porto Sudeste do Brasil SA.
Under the terms of the agreement, which were unveiled in a a securities filing on Tuesday, Porto Sudeste has agreed to pay $62.5 million to Mineração Usiminas SA to end the dispute. The accord will also result in the rescinding of the contract between the two parties. (Reporting by Ana Mano; Editing by Jonathan Oatis)
BRIEF-KSS: expects Takata transaction to be completed in Q1 2018
* plans to retain "substantially all" of Takata Corp's workers globally on comparable employment terms