Material Fact – Sale Elog S.A
São Paulo, December 13, 2017 – ECORODOVIAS INFRAESTRUTURA E LOGÍSTICA S.A. (“Company”) and its direct subsidiary ELOG S.A. (“Elog”), in compliance with article 157, paragraph 4 of Federal Law 6,404/76, as amended, and Instruction 358/02 issued by the Securities and Exchange Commission of Brazil (“CVM”), announces to its shareholders and the market that it has entered into a Share Purchase and Sale Agreement with Multilog S.A. for the sale, by the Company, of 100% of the capital of Elog.
The total sale amount is R$90 million and will be paid in 84 equal and successive monthly installments, adjusted by the CDI rate from the closing date.
The conclusion of the divestment is subject to the verification of certain conditions precedent, which include prior approval from the Federal Revenue Service of Brazil (SRF) and the country’s antitrust authority CADE (Conselho Administrativo de Defesa Econômica), as well as the transfer of shares of Ecopátio Logística Cubatão Ltda. (“Ecopátio”) to the Company and the payment of the total debt of Elog.
With this transaction, the Company will sell all of Elog’s operational units, which employ 530 people directly and include 3 CLIAs, 1 Dry Port, 1 Distribution Center and the Transporte Sudeste operation, excluding Ecopátio.
The divestment of Elog is in line with the EcoRodovias Group’s strategy of focusing on toll road concession assets.
EcoRodovias reaffirms its commitment to its obligations as a publicly traded corporation listed on the Novo Mercado segment of the B3 stock exchange, and will disclose all and any material information in accordance with the applicable laws in force.
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