Announcement to the market - Signed Association Agreement (Joint Venture)
Fras-le informs its shareholders and the market in general that the conditions precedent to the signing of the Association Agreement (Joint Venture) with Federal Mogul VCS Holding BV ("YOU") have been satisfied, including approval by the Administrative Council for Economic Defense (CADE) to which the operation was subordinated.
As a result, all the documents required for the transfer of the equity interest acquired have been signed on this date. Said equity interest corresponds to 80.10% of the quotas representing the capital stock of Federal-Mogul Friction Products Sorocaba Sistemas Automotivos Ltda ("Company"). This way, Fras-le takes over the Management control of the Company, whose name will now be Jurid do Brasil Sistemas Automotivos Ltda.