Radar > 245005

Gerdau seeking sale or partnership of subsidiary in Chile

Gerdau estaría planenando venta o asociación de su filial en Chile

Intel ID : 245005
Synopsis

Gerdau (BVMF:GGBR3), a Porto Alegre, Brazil-based steelmaker and distributor, would be exploring a strategic partnership or a sale of its subsidiary Gerdau Chile, reported La Tercera on 4 February 2017, citing sources familiar with the matter.

Additionally, Gerdau might have a sale mandate with a Brazil-based investment bank, though this version was not confirmed.

The information was revealed following the appointment of Crescencio Marcos Vinicius as Gerdau Chile CEO (see related intel).
(content in spanish)

Gerdau (BVMF:GGBR3), empresa dedicada a la producción y distribución de acero con sede en Porto Alegre, Brasil, estaría explorando una asociación estratégica o una venta de su filial Gerdau Chile, según ha informado La Tercera el 4 de febrero de 2017, citando fuentes cercanas al asunto.

Adicionalmente, se ha comentado la existencia de un mandato de venta con un banco de inversión brasileño, aunque no ha sido confirmada esta versión.

Esta información se ha revelado luego de la designación de Crescencio Marcos Vinicius como gerente general de Gerdau Chile (ver Intel relacionado).

Target

Seller

Gerdau
Brazil

Intel ID 245005
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
potential
Subsector (Old TTR Sectors)
Industry / Steel, Metallurgy and Industrial Production (Primary)
Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Industry / Steel, Metallurgy and Industrial Production (Primary)
Primary Sector (TTRSC)
55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
10.01.03 Distributors & Wholesalers (B2B)
10 Business Services / 10.01 Business & Professional Support Services

25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

35.09.02 Ports
35 Industrials / 35.09 Transport Infrastructure

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.