Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Gerdau S.A.
  6. News
  7. Summary
    GGBR4   BRGGBRACNPR8

GERDAU S.A.

(GGBR4)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Gerdau S A : METAL┌RGICA GERDAU S.A (Form 6-K)

08/20/2021 | 10:04am EST

METALÚRGICA GERDAU S.A.

Tax ID (CNPJ/ME): 92.690.783/0001-09

Registry (NIRE): 35300520751

NOTICE TO THE MARKET

Gerdau S.A. and Metalúrgica Gerdau S.A. (jointly, the 'Companies') inform their shareholders and the general market that, on August 18, 2021, the Board of Directors of Gerdau S.A. approved the corporate reorganization involving its Mexican subsidiary Sidertúl, S.A. de C.V. ('Sidertúl') and the companies Aceros Corsa, S.A. de C.V. ('Aceros Corsa') and Gerdau Corsa, S.A.P.I. de C.V. ('Gerdau Corsa'), both also located in Mexico and jointly controlled by the Companies with the group formed by Corcre, S.A.P.I. de C.V. and Juan Angel Córdova Creel (jointly, 'Grupo Córdova').

The corporate reorganization approved by the Board of Directors involves the merger of the companies Sidertúl and Aceros Corsa by Gerdau Corsa ('Merger') and is part of the process to reorganize and simplify the ownership structure in Mexico, with the objective of (i) strengthening the financial structure of Gerdau Corsa, with reductions in its leverage and financial expenses; (ii) centralize the main business activities to capture operating efficiency gains at the companies involved; and (iii) optimize internal processes to capture synergies and economies of scale to reduce administrative, operational and tax costs.

As a preliminary step in the Merger, Grupo Córdova will acquire 16.84% of the share capital of Sidertúl, for US$ 32,500,000 to equalize its equity interest in the share capital of Gerdau Corsa after the Merger ('Purchase and Sale').

As a result of the Purchase and Sale and of the Merger, Gerdau S.A. will increase, indirectly, its interest in the share capital of Gerdau Corsa from 70% to 75%, maintaining its shared control of Gerdau Corsa with Grupo Córdova. The corporate reorganization also will reinforce the commitment of the Companies with respect to their operations in Mexico, an important and strategic market for their long-term vision.

The consummation of the Purchase and Sale and of the Merger, which is expected to be concluded in the fourth quarter of 2021, is subject to approval by the shareholders of the companies involved and by Mexico's antitrust agency, Comisión Federal de Competencia Económica (COFECE), and to other conditions typical to this type of corporate reorganization.

São Paulo, August 19, 2021
Harley Lorentz Scardoelli
Executive Vice President
Investor Relations Officer

Disclaimer

Gerdau SA published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 14:03:02 UTC.


ę Publicnow 2021
All news about GERDAU S.A.
12/07GERDAU S A : ANNOUNCES FINAL RESULTS OF THE CASH TENDER OFFER FOR CERTAIN OF THE OUTSTANDI..
PU
12/01GERDAU S A : METALÚRGICA GERDAU S.A - Form 6-K
PU
11/30GERDAU S A : ANNOUNCES RESULTS OF EARLY TENDER PERIOD OF - Form 6-K
PU
11/30Gerdau S.A. Announces Results of Early Tender Period of the Cash Tender Offer for Certa..
CI
11/30GERDAU S A : Comunicado ao Mercado - Reorganização societária da subsidiária mexicana
PU
11/19GERDAU S A : Notice to the Market - Early Tender Results
PU
11/12Citigroup Upgrades Gerdau to Buy From Neutral
MT
11/08GERDAU S.A. : Ex-dividend day for final dividend
FA
11/08GERDAU S.A. : Ex-dividend day for
FA
11/05Apresentação Institucional - Novembro*
PU
More news
Analyst Recommendations on GERDAU S.A.
More recommendations
Financials
Sales 2021 75 477 M 13 415 M 13 415 M
Net income 2021 14 276 M 2 537 M 2 537 M
Net Debt 2021 10 191 M 1 811 M 1 811 M
P/E ratio 2021 3,45x
Yield 2021 7,91%
Capitalization 46 157 M 8 171 M 8 204 M
EV / Sales 2021 0,75x
EV / Sales 2022 0,72x
Nbr of Employees 30 000
Free-Float 35,1%
Chart GERDAU S.A.
Duration : Period :
Gerdau S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GERDAU S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 28,95 BRL
Average target price 37,65 BRL
Spread / Average Target 30,1%
EPS Revisions
Managers and Directors
Gustavo Werneck da Cunha Chief Executive Officer & Director
Harley Lorentz Scardoelli Chief Financial Officer & Vice President
Guilherme Chagas Gerdau Johannpeter Chairman
AndrÚ Bier Gerdau Johannpeter Co-Vice Chairman
Claudio Gerdau Johannpeter Co-Vice Chairman
Sector and Competitors
1st jan.Capi. (M$)
GERDAU S.A.18.40%8 171
NUCOR CORPORATION114.34%31 506
ARCELORMITTAL32.60%26 695
POSCO6.07%18 377
TATA STEEL LIMITED78.60%17 970
NIPPON STEEL CORPORATION42.13%14 757