On Wednesday, August 19, 2026, Gerdau (GGBR4) reported that BlackRock reduced its equity stake in the company and, as of August 14, 2026, came to hold, in aggregate, 110,888,953 preferred shares and 15,104,332 American Depositary Receipts (ADRs), totaling 125,993,285 shares, which corresponds to approximately 9.991% of the total preferred shares issued.
BlackRock also reported a position of 10,674,077 cash-settled derivative financial instruments referenced to Gerdau’s preferred shares, representing approximately 0.846% of the total preferred shares. According to the asset manager, the purpose of these holdings is strictly investment, with no intention of changing the company’s shareholding control or management structure, and there are no contracts or agreements governing the exercise of voting rights or the purchase and sale of the company’s securities.
