On Tuesday, October 13, 2026, Usinas Siderúrgicas de Minas Gerais S.A. – Usiminas (USIM5) reported that it received a notice from BlackRock, Inc. regarding the acquisition of a relevant equity stake in the company. On October 8, 2026, the asset manager’s aggregate holdings came to 27,604,517 preferred shares and 5,918 American Depositary Receipts (ADRs), which represent 5,918 preferred shares, totaling 27,610,435 shares, equivalent to approximately 5.040% of the total preferred shares issued by Usiminas.
In addition to the shares, BlackRock reported holding 8,342,524 cash-settled derivative financial instruments referenced to Usiminas preferred shares, representing about 1.523% of the company’s total preferred shares. According to the asset manager, the purpose of these holdings is strictly investment, with no intention of changing Usiminas’s controlling ownership or management structure.
BlackRock also stated that it does not hold any convertible debentures into Usiminas shares and has not entered into contracts or agreements governing the exercise of voting rights or the purchase and sale of securities issued by the company.
