Metalfrio Solutions S.A. News
Material Fact: Metalfrio Announces the Conclusion of Senocak Acquisition
SAO PAULO, Brazil, March 27 PRNewswire-FirstCall — Metalfrio Solutions S.A. (Bovespa: FRIO3) ("Metalfrio" or "Company"), in compliance with CVM Instruction 358 of 2002 and applicable legislation, hereby informs its shareholders and the market in general that, in accordance with previous Material Fact notices dated October 3, 2007 and December 26, 2007, the procedures related to the indirect acquisition of 71.0% of the equity in the Turkish company Senocak Holding A.S. ("Senocak") was completed on the date hereof to the effect that the transfer of shares be effective as of March 26, 2008. The price paid for the shares in Senocak was euros 32.66 million. Metalfrio also holds an option to buy, and the selling shareholders an option to sell, the shares in Senocak representing the remaining equity interest in the company of 29.0%, both options being exercisable three years after the closing of the Transaction, or prior to the conclusion of this period in specific cases provided for in the Share Purchase and Shareholders Agreement executed on December 26, 2007. The Company will require to the Capital Markets Board of the Republic of Turkey an exemption of mandatory public offer related to the transfer of control of Klimasan Klima Sanayi ve Ticaret A.S., a Turkish public company controlled by Senocak.
CONTACT Investor Relations Luiz Eduardo Moreira Caio CEO and IRO Tel.: +55 11 6333-9000 Fax.: +55 11 6333-9196 ri@metalfrio.com.br http://www.metalfrio.com.br/ri
SOURCE Metalfrio Solutions S.A.
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