Loma Negra's Indirect Parent Completes Judicial Reorganization, Shifts Ultimate Control to Creditors

summarizeSummary

Loma Negra's indirect controlling shareholder, Intercement Participações (ICP), has completed its judicial reorganization plan, resulting in a significant capital increase and a shift in ultimate control to a consortium of creditors, though Loma Negra's direct control remains unchanged.

check_boxKey Events

• Indirect Parent Reorganization Completed

  Intercement Participações (ICP), Loma Negra's indirect controlling shareholder, has completed its Judicial Reorganization Plan, as previously disclosed.

• Significant Capital Increase at ICP

  ICP approved a capital increase of R$ 2,816,275,313.89 and issued 1,286,045,664 new shares, subscribed by creditors electing equity as payment.

• Ultimate Control Shifts to Creditors

  The former ultimate controlling shareholder, Mover Participações S.A., had its shares cancelled, and new shareholders like Latcem LLC (38.7%), Redwood (26.7%), and Moneda (24.0%) now control ICP.

• New Board Appointed at ICP

  An extraordinary shareholders' meeting of ICP approved the appointment of a new board of directors for the indirect parent company.

auto_awesomeAnalysis

This filing details the completion of a long-running judicial reorganization plan for Intercement Participações (ICP), Loma Negra's indirect controlling shareholder. The significant capital increase of R$ 2.8 billion and the issuance of new shares to creditors fundamentally alter ICP's ownership structure, with Mover Participações S.A. (the former ultimate controlling shareholder) being replaced by a consortium of creditors. While Loma Negra's direct controlling shareholder and its 52.14% stake remain unchanged, this shift in ultimate control at the parent level could influence future strategic decisions, financing, or governance, even if indirectly. The appointment of a new board at ICP further solidifies this change. The absence of shareholder agreements among the new ICP owners suggests no immediate coordinated action regarding Loma Negra, but the stabilization of the parent's financial situation is a positive development.