Gerdau to acquire 100% of DFESA for R$300M, boosting self-generation

Gerdau S.A. announced a binding proposal and entered into a Share Purchase Agreement to acquire Companhia Paranaense de Energia's (COPEL) entire 23.03% equity interest in Dona Francisca Energética S.A. (DFESA) for an enterprise value of R$150 million. This transaction, along with a previously disclosed acquisition of Centrais Elétricas de Santa Catarina's (CELESC) stake, will lead to Gerdau holding 100% of DFESA for a total investment of R$300 million. The move is expected to increase Gerdau's self-generation capacity by 30.4 average MW, aligning with its decarbonization strategy and enhancing cost competitiveness by increasing self-generation to over 50% of its energy consumption.