São Paulo, Brazil, March 20, 2013 - Tonon Bioenergia S.A., a leading sugar and ethanol producer, informs that on March 20, 2013, it entered into a Share Purchase Agreement with Paraíso Bioenergia S.A.’s shareholders to purchase all of the share capital of Paraíso Bioenergia S.A.. The agreement is binding and indefeasible and is subject to certain customary conditions precedent for transactions of this nature, which also includes the approval of the Brazilian antitrust authority CADE (Administrative Council for Economic Defense). Once concluded the transaction, Tonon will be Paraíso’s sole shareholder.
Tonon believes that this transaction should provide relevant additional value creation in view of expected synergies, as well as further consolidate Tonon’s leading presence in the regions where it operates.
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Tonon Bioenergia will host a Conference Call to discuss this Material Fact on Friday, March 22, as follows:
Conference Call in English
03:00 p.m. US ET
04:00 p.m. BRT
Connecting Number: +1 (877) 317-6776
Click here for the webcast
For additional information, please contact Tonon Bioenergias Investor Relations Area:
IR and Financial Manager
(+55 14) 3666-9006