Nova Odessa, August 6, 2013 - Lupatech S.A. (BM&FBOVESPA: LUPA3) (OTCQX: LUPAY) (Lupatech Finance LTD 9 7/8 Perpetual Bonds: ISIN USG57058AA01) ("Lupatech" or "Company"), one of the largest Brazilian supplier of products and services for the oil and gas sector, announces that has entered in this date, with Vallourec Transportes e Serviços Ltda. ("VTS"), company from Vallourec Tubos do Brasil S.A. group, current corporate name of V&M do Brasil S.A., sales contract ("Agreement") of Tubular Services assets, located in the city of Rio das Ostras, Rio de Janeiro state ("Tubular - Rio das Ostras").
With the end of the due diligence procedures prescribed on the binding offer announced on June 17, 2013, the final price of the acquisition is R$58,940,000.00 (fifty-eight million, nine hundred and forty thousand reais), paid as follows: (i) R$48,940,000.00 (forty-eight million, nine hundred forty thousand reais) until the closing of the transaction, and (ii) R$10,000,000.00 (ten million reais) on January 31, 2014.
The conclusion of the deal is subject to approval by antitrust authorities as well as other terms, approvals and conditions provided in the Agreement, which shall take place until January 31, 2014. Until then, the competitive conditions between the parties will be remained unchanged.
Lupatech, through its Investor Relations Department, is available for any clarification.
Thiago Piovesan
CFO and IRO
Lupatech S.A.