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Nemak provides update on spin-off from ALFA
Monterrey, Mexico. December 4, 2020. - Nemak, S.A.B. de C.V. ("Nemak") (BMV: NEMAK)
announced today that its parent company, ALFA, S.A.B. de C.V. (BMV: ALFAA) (“ALFA”) has
received authorization from the Mexican National Banking and Securities Commission
(“CNBV“) to list the shares of Controladora Nemak, S.A.B. de C.V. (BMV: NMK) in the National
Register of Securities.
Under this transaction, ALFA's shareholders will receive one share of Controladora Nemak for
each ALFA share they own as of the close of the market on December 11, 2020. The number
of Nemak shares remains unchanged. Controladora Nemak will begin trading on the Mexican
Stock Exchange (“BMV”) starting on December 14, 2020.
“We see this transaction as a positive next step in our growth and transformation journey,” said
Armando Tamez, CEO of Nemak. “Through becoming a fully independent Company, we are
confident that we will be in an even better position to drive long-term value creation for Nemak
More information on the registration, distribution, listing, and trading of Controladora Nemak
shares can be found in the Informational Brochure available at www.bmv.com,
www.gob.mx/cnbv, www.nemak.com and www.alfa.com.mx, as well as in the Notice to
Shareholders published today by ALFA through the BMV and CNBV.
Nemak is a leading provider of innovative lightweighting solutions for the global automotive
industry, specializing in the development and manufacturing of aluminum components for
powertrain, e-mobility, and structural applications. In 2019, it generated revenue of US$4.0
billion. For more information about Nemak, visit www.nemak.com