Ternium Ups Stake In Siderar

Luxembourg-based Ternium, Latin America’s largest steel group, has increased its stake in Argentina’s steel producer Siderar to 60.9%. It agreed to pay $107.5 million, or $6.376 per share, to Brazil’s Companhia Vale do Rio Doce (CVRD) for its 4.85% share. Ternium is owned by Argentine group Techint.