Itaúsa (ITSA4) announces the purchase of Andrade Gutierrez’s stake in CCR (CCRO3)

Itausa holding companyITSA4) to investors Tuesday night (5) that it, with Votorantim, signed contracts to acquire 300.14 million shares of CCR (CCRO3) held by Andrade Gutierrez. The size of the papers corresponds to 14.86% of the franchisor’s capital and will be acquired in the amount of R$4.1 billion.

“Of this total, Itaúsa will acquire 208,669,918 shares, representing 10.33% of the total share capital of CCR, with a total investment of R$2.9 billion,” the statement read.

ETASA also states that the acquisition should not have material effects in the current financial year, being an investment funded by its own resources and those of third parties. The closing of the stake purchase still depends on approval by regulatory authorities, such as the Administrative Council for Economic Defense (Cade).

“Etosa will have the right to appoint the same number of directors as
Other signatories to the Shareholders Agreement and one member each of the following committees
Advice: People, Environmental, Social and Corporate Governance, Compliance and Risk, Results and Finance and New Business, explains hold.

ETASA states that investment is linked to the efficient allocation of a company’s capital. holdwhich are the leaders in their sectors, risk / return ratio
Attractive, growth potential and positive impact on society as well as partners
Strategic partners with proven experience in the sector of activity and governance that will allow ETAISA to do so
Exercising influence and sharing best environmental, social and corporate governance practices.

CCR reported that it had already informed it of the transaction.

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