Dias d'Ávila, December, 08, 2017. PARANAPANEMA S.A. ("Company", B3: PMAM3), the largest non-integrated Brazilian producer of refined copper, rods, drawn wire, roll forming, bars, pipes, connections and their alloys, makes public that, going on with the Relevant Fact released on 07.21.2017, term for appeal regarding approval from Administrative Council for Economic Defense - CADE has elapsed with no manifestation as for the Company stock purchase by Glencore International Investments Ltd.
("Glencore"), performed in Company´s shares public offer scope, completed on 09.13.107. Therefore, Glencore becomes entitled to exercise political rights on its shares.
In case of doubts, please, get in contact to the Investor Relations sector: (55) (11) 2199-7604 orri@paranapanema.com.br.
André Luís da Costa Gaia
Chief Financial Officer and Investor Relation's Officer
We make forward-looking statements that are subject to risks and uncertainties. These statements are based on estimates and assumptions of our management and information to which the Company currently has access. Forward-looking statements include information on our intentions, beliefs or current expectations, as well as those of the Board of Directors and Officers of the Company. Reservations in relation to statements and information about the future also include information on possible or presumed operating results, as well as statements preceded by, followed by or include the words "believes", "may", "will", "continue" "expects", "anticipates", "intends", "plans", "estimates" or similar expressions. The statements and information about the future are not guarantees of performance. They involve risks, uncertainties and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur. Future results and the creation of value for shareholders may differ materially from those expressed or suggested by statements in the future. Many of the factors that will determine these results and values are beyond our ability to control or predict Paranapanema.
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ParanaPanema SA published this content on 08 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 December 2017 20:52:08 UTC.
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Paranapanema S.A. is an independent producer of primary copper. The Company's activities include the production and trade of electrolytic copper, its by-products and related services, as well as semi-manufactured copper and its alloys products. The Company's products for the copper industry include cathode, rod, drawn wire, tubes and connections, rolled, wire, bar and profile, flexible cable, sulfuric acid, granulated slag and oleum. The Company has approximately three industrial plants, located in the Industrial Complex of Camacari, Dias d'Avila; in Santo Andre, and in Serra. The Company offers rods, such as copper rod and drilled square iron bar; wires, such as copper and brass wires, and drawn bare wire, and fitting, such as accessories, ELUMAPLAST connections, flanged connections and weldable connections. The Primary Copper Unit, located in Dias d'Avila, is engaged in casting and refinement of electrolytic copper under the Caraiba brand, and metallurgy of semi-finished.