Gerdau controller cuts preferred stake by R$ 2.18 million in spot sale
GGB•Metalúrgica Gerdau disclosed two cash sales of preferred shares by related parties via BTG Pactual. The controller sold 85,607 shares for R$ 2.18 million, while executives and management sold 51,800 shares for R$ 1.36 million.
1. Share sales disclosed
The controlling shareholder sold 85,607 GERDAU PN shares on day 23 for R$ 2.18 million, at an average price of 25.4076. Executives and management sold 51,800 shares on day 17 for R$ 1.36 million, at an average price of 26.2132; both sales were executed via BTG Pactual.
