Investor Presentaiton
36. Subsequent events
The following is a summary of Alux's book balances on the transaction com-
pletion date:
=
On January 31, 2022
(a) Settlement of the CO2 emission rights loan - VCSA
In January 2022, the short-term loan for CO2 emission rights in the amou-
nt of USD 45 million (R$ 268) was settled with CO2 emission rights.
(b) Sale of investment - APDR
In January 20, 2022, the Company concluded the sale of subsidiary APDR,
in accordance with the intention agreement signed in November 2021
(Note 1.1 (jj)).
This sale resulted in a net income of R$ 69 in the Company's results in
2022, mainly as a result of the realization of the exchange rate variation,
previously recognized directly in the comprehensive income of sharehol-
ders' equity.
(c) Future sale agreement.
-
Nexa
In January 21, 2022, subsidiary Nexa signed an Offtake Agreement (future
sale agreement), in which it undertakes to sell 100% of the copper concen-
trate that will be produced by the Aripuanã mine for a period of five years,
at the market price, but subject to a price cap.
(d) Acquisition of 80% of Alux
In January 6, 2022, after complying with the respective conditions prece-
dent, CADE's approval was obtained, without restrictions. On January 31,
2022, the acquisition of 80% of the share capital of Alux was completed.
Cash and cash equivalents
Accounts receivable
Inventories
Other assets
Property, plant and equipment
Trade payables
Other liabilities assumed
Acquired identifiable net assets
16
38
27
27
7
(33)
(8)
74
Alux had shareholders' equity at fair value of R$134, due to net assets plus
adjustments, resulting from the valuation and identification of assets and
liabilities in accordance with IFRS 3 / CPC 15 (R1) - Business combination.
The net assets at fair value and recognized on the acquisition date are
shown below:
Equity value of Alux
Adjustments of purchase price allocation
Purchase price allocation of property, plant and equipment
Purchase price allocation of account receivable
Deferred taxes on business combinations
Equity value of Alux, at fair value
On January 31, 2022
74
31
60
(31)
134
The acquisition cost included goodwill of R$25 related to the control pre-
mium, as shown in the table below:
Consideration transferred
Cash paid on acquisition of Alux
Value of the acquired 80% portion of Alux's shareholders' equity,
at fair value
Goodwill on expected future profitability
On January 31, 2022
133
(108)
25
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