Eusébio-CE, January 29, 2018 – M. DIAS BRANCO S.A. INDÚSTRIA E COMÉRCIO DE ALIMENTOS (“Company”), pursuant to paragraph 4 of article 157 of Law 6.404/76 and CVM Instruction 358/02, hereby announces to its shareholders and the market in general the signing on January 29, 2018 of the “Agreement for the Purchase and Sale of Shares and Other Covenants”, between M. Dias Branco and the shareholders of Indústria de Produtos Alimentícios Piraquê S.A., a Brazilian company that is present in the food industry, through the manufacture and commercialization of pastas, biscuits, snacks and soft drinks (“Company” and “Agreement, respectively).
The purpose of the Agreement is the acquisition of all shares of the Company by M. Dias Branco. For the purpose of the transaction, the Company was valued at R$ 1,550,000,000.00 (one billion, five hundred and fifty million Brazilian Real).
In the period from October 2016 to September 2017, the Company recorded total net revenue of R$ 717.0 million.
The transaction reflects the commercial strategy of M. Dias Branco to accelerate its growth in the south and southeast regions of Brazil, as well as to include in its portfolio high value-added products.
The completion of the transaction is subject to the implementation of usual conditions for transaction of this nature, including the approval of CADE (Conselho Administrativo de Defesa Econômica). During the period of analysis of the transaction, the companies will continue to operate independently.
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