Announcement to the market - Complied with the conditions laid down to close the deal related to the acquisition
Proceeding with the information conveyed in the Material Fact dated November 13, 2017, FRAS-LE informs its shareholders and the market in general it has complied with the conditions laid down to close the deal related to the acquisition of equity interest in the companies PALR S.A., ARMETAL S.A. and FANACIF S.A. AUTOMOTIVE INDUSTRY, including the approval of it by its shareholders at the Extraordinary General Meeting held on November 29, 2017.
Fras-le also informs that the deal was closed on this date and that all documents required to transfer the equity interest acquired were signed. This means that the Company effectively takes over the management control of the acquired companies.