In the takeover of steel and iron company Sidor by Venezuela, one of the aspects that is yet to be established is the payment the Venezuelan government is to make to purchase the Argentinean holding Techint's stake in the steelmaker. However, the corporation has already made its calculations, according to Argentinean newspaper Clarín.

Based on the report, the Argentinean company believes the compensation for the shares would amount to some USD 3.6 billion. In a meeting held last April 18 between  
Techint CEO Paolo Rocca and Argentinean President Cristina Fernández de Kirchner, he stated that Sidor is not a loose piece, but it is linked to another plants owned by the holding, especially to Argentina's Siderar.

Rocca pointed out that Sidor represents 30 percent of Ternium's production. Ternium groups all of Techint companies manufacturing flat bar steel. Therefore, the compensation is expected to be high.