FORM
6 - K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a - 16 or 15d - 16 of
the
Securities Exchange Act of 1934
As
of 5/7/2009
Ternium
S.A.
(Translation
of Registrant's name into English)
Ternium
S.A.
46a,
Avenue John F. Kennedy – 2nd floor
L-1855
Luxembourg
(352)
4661-11-3815
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or 40-F.
Form
20-F ü Form
40-F__
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12G3-2(b) under the Securities Exchange Act of 1934.
Yes
No ü
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
Not
applicable
The
attached material is being furnished to the Securities and Exchange Commission
pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934,
as amended.
This
report contains Ternium S.A.’s press release announcing Ternium Agrees
Compensation and Completes Transfer of Sidor Shares to Venezuela.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
TERNIUM
S.A.
| By: /s/ Roberto Philipps | By: /s/ Daniel Novegil |
| Name: Roberto Philipps | Name: Daniel Novegil |
| Title: Chief Financial Officer | Title: Chief Executive Officer |
Dated:
May 7, 2009
 |
 |
Ternium
Agrees Compensation and Completes Transfer of Sidor Shares to
Venezuela
LUXEMBOURG--(Marketwire
- May 07, 2009) - Ternium S.A. (NYSE: TX) announced today
the completion of the transfer of its entire 59.7% interest in Sidor, C.A. to
Corporación Venezolana de Guayana, or CVG (a Venezuelan governmental entity).
The transfer was effected as a result of Venezuela's Decree Law 6058, which
ordered that Sidor and its subsidiaries and associated companies be transformed
into state-owned enterprises and declared the activities of such companies of
public and social interest. While CVG had assumed operational control of Sidor
on July 12, 2008, Ternium had retained formal title over the shares until
today.
Ternium
agreed to receive an aggregate amount of US$1.97 billion as compensation for its
Sidor shares. Of that amount, CVG paid US$400 million in cash today. The balance
was divided in two tranches: the first tranche of US$945 million will be paid in
six equal quarterly installments, while the second tranche will be paid at
maturity in October 2010, subject to quarterly mandatory prepayment events based
on the increase of the WTI crude oil price over its May 6, 2009
level.
About
Ternium
Ternium
is a leading steel company in Latin America, manufacturing and processing a wide
range of flat and long steel products for customers active in the construction,
home appliances, capital goods, container, food, energy and automotive
industries. With its principal operations in Mexico and Argentina, Ternium
serves markets in the Americas through its integrated manufacturing system and
extensive distribution network. The Company has annual production capacity of
approximately 9 million tons of finished steel products. More information about
Ternium is available at www.ternium.com.
[Missing Graphic Reference]
Contact:
Sebastián
Martí
Ternium -
Investor Relations
USA +1
(866) 890 0443
Mexico
+52 (81) 8865 2111
Argentina
+54 (11) 4018 2389
www.ternium.com