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Brazil's Cade gives final okay to Ternium-CSA deal, rejects CSN appeal
September 6, 2017 / 3:19 PM / 3 months ago

Brazil's Cade gives final okay to Ternium-CSA deal, rejects CSN appeal

SAO PAULO (Reuters) - The board of Brazil antitrust agency Cade gave final approval on Wednesday to Ternium SA’s (TX.N) acquisition of Thyssenkrupp AG’s (TKAG.DE) Brazilian steel mill CSA Cia Siderúrgica do Atlántico SA, rejecting an appeal by a Brazilian rival.

Cade first approved the deal, valued at 1.5 billion euros ($1.8 billion), in August, but Brazilian steelmaker Cia Siderurgica Nacional (CSNA3.SA) appealed as an interested third party.

Reporting by Leonardo Goy; Editing by Chizu Nomiyama

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