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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Gerdau S.A.    GGBR4   BRGGBRACNPR8

GERDAU S.A.

(GGBR4)
  Report
End-of-day quote. End-of-day quote Bolsa de valores de Sao Paulo - 07/13
16.26 BRL   +0.99%
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Gerdau S A : Acquisition - Silat

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11/27/2019 | 06:58am EDT

GERDAU S.A.

Corporate Taxpayer ID (CNPJ/MF): 33.611.500/0001-19

Publicly Held Company

NOTICE TO THE MARKET

Gerdau S.A. ("Company" or "Gerdau") hereby announces to its shareholders and the general market that, on November 26, 2019, the subsidiary Gerdau Aços Longos S.A. entered into a final agreement with Hierros Añón, S.A. and Gallega de Mallas, S.L. for the acquisition of 96.35% of the shares issued by Siderúrgica Latino-Americana S.A. ("SILAT"), a company located in Caucaia, in the metropolitan area of Fortaleza, State of Ceará, for economic value of US$ 110.8 million, subject to the typical adjustments to the acquisition price.

The consummation of the transaction is subject to approval by Brazil's antitrust agency CADE (Conselho Administrativo de Defesa Econômica) and to the fulfillment of conditions precedent typical to transactions of this type.

The Company will maintain its shareholders and the market informed of any developments regarding the aforementioned transaction, as applicable, in accordance with the law and with CVM regulations.

SILAT

SILAT has installed production capacity of 600,000 tonnes of rolled steel goods. The acquisition is part of Gerdau's strategy to improve service to its clients in the Brazilian market.

São Paulo, November 27, 2019

Harley Lorentz Scardoelli

Executive Vice President

Investor Relations Officer

Disclaimer

Gerdau SA published this content on 27 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2019 11:57:03 UTC

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Financials
Sales 2020 36 627 M 6 779 M 6 779 M
Net income 2020 370 M 68,6 M 68,6 M
Net Debt 2020 12 287 M 2 274 M 2 274 M
P/E ratio 2020 82,6x
Yield 2020 0,50%
Capitalization 26 283 M 4 910 M 4 865 M
EV / Sales 2019
EV / Sales 2020 1,05x
Nbr of Employees 45 000
Free-Float 62,4%
Chart GERDAU S.A.
Duration : Period :
Gerdau S.A. Technical Analysis Chart | GGBR4 | BRGGBRACNPR8 | MarketScreener
Technical analysis trends GERDAU S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 16,47 BRL
Last Close Price 16,26 BRL
Spread / Highest target 50,7%
Spread / Average Target 1,28%
Spread / Lowest Target -38,5%
EPS Revisions
Managers
NameTitle
Gustavo Werneck da Cunha Chief Executive Officer & Director
Guilherme Chagas Gerdau Johannpeter Chairman
Harley Lorentz Scardoelli Chief Financial Officer & Vice President
André Bier Gerdau Johannpeter Vice Chairman
Claudio Gerdau Johannpeter Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
GERDAU S.A.-18.70%4 864
ARCELORMITTAL-36.71%12 243
NUCOR-28.13%12 181
POSCO-20.93%12 147
NIPPON STEEL CORPORATION-37.73%8 453
MAGNITOGORSK IRON & STEEL WORKS-7.89%6 100