INICIA agreed to acquire 50% stake of Industrias Nacionales, C. por A. and 49.85% stake of Diaco S.A. from Gerdau S.A. (BOVESPA:GGBR4) for $330 million on January 17, 2024. The Company estimates that the Transaction will close within the first half of 2024, subject to the satisfaction of conditions precedent customary in operations of this nature, particularly the approval by the Colombian antitrust authority.