INICIA signed an agreement to acquire 49.85% stake of Diaco S.A. from Gerdau S.A. (BOVESPA:GGBR4) 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. Todd Crider, Borja Marcos, and Ismael Duran of Simpson Thacher & Bartlett LLP acted as legal advisor to Gerdau S.A.