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Equity Interests |
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Total capital (*) |
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Consolidated company |
|
Country |
|
2017 |
|
2016 |
|
2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gerdau GTL Spain S.L. |
|
Spain |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Gerdau Internacional Empreendimentos Ltda. - Grupo Gerdau |
|
Brazil |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Gerdau Ameristeel Corporation and subsidiaries (1) |
|
USA/Canada |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Gerdau Açominas S.A. |
|
Brazil |
|
99.36 |
|
99.35 |
|
99.35 |
|
|
Gerdau Aços Longos S.A. and subsidiary (2) |
|
Brazil |
|
99.12 |
|
99.11 |
|
99.11 |
|
|
Gerdau Steel Inc. |
|
Canada |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Gerdau Holdings Inc. and subsidiary (3) |
|
USA |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Paraopeba - Fixed-income investment fund (4) (**) |
|
Brazil |
|
10.69 |
|
70.93 |
|
65.75 |
|
|
Gerdau Holdings Europa S.A. and subsidiaries |
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Spain |
|
— |
|
— |
|
100.00 |
|
|
Gerdau América Latina Participações S.A. |
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Brazil |
|
— |
|
99.12 |
|
99.12 |
|
|
Gerdau Chile Inversiones Ltda. and subsidiaries (5) |
|
Chile |
|
99.00 |
|
99.00 |
|
99.99 |
|
|
Gerdau Aços Especiais S.A. |
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Brazil |
|
— |
|
99.55 |
|
99.56 |
|
|
Gerdau Hungria Holdings Limited Liability Company and subsidiaries (6) |
|
Hungary |
|
100.00 |
|
100.00 |
|
100.00 |
|
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GTL Equity Investments Corp. |
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British Virgin Islands |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Empresa Siderúrgica del Perú S.A.A. - Siderperú |
|
Peru |
|
90.03 |
|
90.03 |
|
90.03 |
|
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Diaco S.A. and subsidiary (note 3.4) |
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Colombia |
|
— |
|
99.68 |
|
99.68 |
|
|
Gerdau GTL México, S.A. de C.V. and subsidiaries (7) |
|
Mexico |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Seiva S.A. - Florestas e Indústrias |
|
Brazil |
|
97.73 |
|
97.73 |
|
97.73 |
|
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Itaguaí Com. Imp. e Exp. Ltda. |
|
Brazil |
|
— |
|
100.00 |
|
100.00 |
|
|
Gerdau Laisa S.A. |
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Uruguai |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Sipar Gerdau Inversiones S.A. |
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Argentina |
|
99.99 |
|
99.99 |
|
99.99 |
|
|
Sipar Aceros S.A. and subsidiary (8) |
|
Argentina |
|
99.98 |
|
99.96 |
|
99.96 |
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Cleary Holdings Corp. |
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Colombia |
|
— |
|
— |
|
100.00 |
|
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Sizuca - Siderúrgica Zuliana, C. A. |
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Venezuela |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
GTL Trade Finance Inc. |
|
British Virgin Islands |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Gerdau Trade Inc. |
|
British Virgin Islands |
|
100.00 |
|
100.00 |
|
100.00 |
|
|
Gerdau Steel India Ltd. |
|
India |
|
98.90 |
|
98.90 |
|
98.90 |
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(*) The voting capital is substantially equal to the total capital. The interests reported represent the ownership percentage held directly and indirectly in the subsidiary.
(**) The percentage of participation including interest of the parent company Metalurgica Gerdau S.A. in the investment fund is 51.11% in 2017, 91.58% in 2016 and 82.64% in 2015.
(1) Subsidiaries: Gerdau Ameristeel US Inc., Gerdau Reinforcing Steel, Gerdau Ameristeel Sayreville Inc., TAMCO Steel, Chaparral Steel Company.
(2) Subsidiary: Gerdau Açominas Overseas Ltd.
(3) Subsidiary: Gerdau MacSteel Inc.
(4) Fixed-income investment fund managed by Banco JP Morgan S.A..
(5) Subsidiaries: Aza Participaciones S.A., Gerdau Aza S.A., Armacero Matco S.A., Aceros Cox Comercial S.A., Salomon Sack S.A..
(6) Subsidiaries: Gerdau Hungria y Cia SRC, Bogey Holding Company Spain S.L.
(7) Subsidiaries: Sidertul S.A. de C.V. and GTL Servicios Administrativos México, S.A. de C.V..
(8) Subsidiary: Siderco S.A.