On Friday, October 9, 2026, Gerdau (GGBR4) reported that BlackRock, Inc. reached, on October 6, 2026, a significant stake in the company’s preferred shares. The asset manager came to hold, in aggregate, 114,199,018 preferred shares and 12,223,387 American Depositary Receipts (ADRs), which represent the same number of preferred shares, totaling 126,422,405 preferred shares, which corresponds to approximately 10.025% of the total preferred shares issued by the company.
In addition to the shares, BlackRock holds 3,919,122 cash-settled derivative financial instruments referenced to Gerdau’s preferred shares, equivalent to about 0.311% of the total preferred shares issued. According to the asset manager, the purpose of this stake is strictly investment, with no intention of changing the company’s control structure or management structure, and there are no contracts or agreements governing the exercise of voting rights or the purchase and sale of Gerdau’s securities.
