Investor Presentaiton
On August 17, 2021, the Company sold a supplementary lot of 18,750,000
shares held in CBA at the price of R$ 11.20 per share, with a net gain of
R$ 74.
With the sales carried out on July 15 and August 17, 2021, VSA reduced its
interest in CBA, with the Company now holding 75.87% of the subsidiary's
capital.
The gains from this transaction, at the time of R$ 558, were realized in the
context of transactions between the controller and minority shareholders.
As a result, in line with the Company's accounting policy, they were recogni-
zed in retained earnings in shareholders' equity (Note 27).
(r) Capital increase in the investee Janssen Capital B.V. -
Janssen
During 2021, the Company carried out a capital increase in the subsidiary
Janssen, in the amount of R$ 1,978, in order to guarantee the manage-
ment of the Company's assets.
(s) Loan settlement - Nexa
On July 9, 2021, indirect subsidiary Nexa Peru prepaid the outstanding
principal amount of a bank loan of R$ 477 (approximately USD 91 million)
and accrued interest of R$ 13 (approximately USD 2 million). The cross-cur-
rency swap contracted associated with this debt was also closed generating
a loss of USD 12 million. Consequently, the total value of this transaction
was USD 105 million.
As this debt is being accounted for using the fair value option, all market-
-to-market effects and related credit risk will be reversed, with no impact
on income.
On July 28, 2021, the subsidiary Nexa prepaid the outstanding principal
and accrued interest of a loan in the amounts of USD 80 million and USD
211 thousand, respectively.
(t) Amendment of loan agreement by Votorantim Cimentos
EAA Inversiones S.L. (VCEAA)
On July 27, 2021, the indirect subsidiary VCEAA entered into an amend-
ment to the loan agreement signed on 2020, to postpone the maturity
from November 2025 to July 2026 and reduce the cost, in addition to
increasing the contracted amount by EURO (EUR) 35 million (R$ 215).
(u) Loan contracting by Corporacion Noroeste - VCEAA
In July 2021, the indirect subsidiaries VCEAA and Votorantim Cementos
España (VCE), signed two loan agreements in the amounts of EUR 40 million
(R$ 246) and EUR 50 million (R$ 307), respectively, both maturing in July
2026. However, in December 2021, the indirect subsidiary VCEAA signed an
amendment to postpone the maturity of the contract in the amount of EUR
40 million (R$ 246) from July 2026 to January 2027.
(v) Acquisition of Superior Materials (Superior), Valley View
Industries (Valley View) e A.G. Cementos Balboa, S.A.U.
(Cementos Balboa). - VCSA
(v.1) In July 2021, indirect subsidiary St. Marys completed the purchase of the
remaining 50% interest in Superior Materials, a precast concrete company
located in Detroit-Michigan, for a total amount of USD 38.5 million (R$
197). With the completion of the transaction, St. Marys now holds 100%
of Superior's interest.
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