Material Fact – Sale of Elog Sul
São Paulo, July 4th, 2016 – ECORODOVIAS INFRAESTRUTURA E LOGÍSTICA S.A. (“Company”) and its direct subsidiary ELOG S.A. (“Elog”), in conformity 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 general market that, on July 2, 2016, it entered into an Agreement for the Purchase and Sale of Ownership Interests, whose purpose is for the sale, to Multilog S.A., of 100% of the capital of Elog Logística Sul Ltda., Maringá Serviços Auxiliares de Transporte Aéreo Ltda. and Maringá Armazéns Gerais Ltda. (jointly, “Elog Sul Units”) (“Sale”). The conclusion of the Sale is subject to the verification of certain conditions precedent, which included notification and/or prior approval by the Federal Revenue Service of Brazil (SRF) and approval by Brazil’s antitrust agency CADE (Conselho Administrativo de Defesa Econômica).
The total amount of the Sale is R$115 million, to be settled following the fulfillment of the conditions precedent provided for in the agreement.
Following the transaction, Elog will hold 6 of the 15 operational units it holds today, namely 1 Intermodal Cargo Terminal (Ecopátio Cubatão), 3 Customs Industrial Logistics Centers (CLIAs), 1 Dry Port, 1 Distribution Center and the operation Transporte Sudeste.
The Sale of the Elog Sul Units is consistent with the strategy of the EcoRodovias Group of focusing on its toll road concession assets.
Multilog has operated for over 20 years and has one of the most complete customers services structure in Brazil. It has 2 CLIAs in the state of Santa Catarina (Itajaí and Joinville) and Distribution and Transportation Centers serving clients nationwide.
EcoRodovias reaffirms its commitment to its obligations as a publicly traded corporation listed on the Novo Mercado segment of the BM&FBOVESPA, and will disclose all and any material information in accordance with the pertinent legislation in force.
São Paulo, July 4th, 2016
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