Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

BM&FBovespa : Material Fact - Acquisition of Portal de Documentos

share with twitter share with LinkedIn share with facebook
share via e-mail
03/15/2019 | 08:24pm EDT

B3 S.A. - Brasil, Bolsa, Balcão

CNPJ nº 09.346.601/0001-25

NIRE 35.300.351.452


Acquisition of Portal de Documentos

B3 S.A. - Brasil, Bolsa, Balcão ("Company" or "B3") informs that, on this date, it has entered into a Sale and Purchase Agreement for the acquisition of 100% of Portal de Documentos S.A. ("Portal de Documentos"), which specializes in providing digital solutions for banks in their vehicle and real estate lending operations, by supporting their collection procedures and electronic registration of documentation.

The total value of the acquisition of Portal de Documentos may reach up to R$ 175.0 million, of which R$ 50.0 million will be paid upfront and the remining balance in a period of up to 4 years from the closing of the transaction, depending on the achievement of financial and operational targets, as well as other contractual conditions.

This acquisition is in line with the Company's strategy of adding value to its customers, as it will increase and diversify the products offered to banks that originate and manage vehicles and real estate loan portfolios.

The closing of the transaction is subject to customary conditions precedent, including its approval by the Anti-Trust Authority (CADE).

The Company also informs that (i) the acquisition does not represent a relevant investment for purposes of item I of article 256 of Law 6,404/76 ("Brazilian Corporate Law"); and (ii) the terms of the acquisition do not fall under the criteria established in item II of article 256 of the Brazilian Corporate Law. Thus, the transaction will not depend on ratification by the Company's General Shareholders Meeting and will not grant withdrawal rights to shareholders, pursuant to paragraph 2 of article 256 of the Law of S.A.

About Portal de Documentos

Portal de Documentos was founded in 2007 and specializes in digital solutions for participants in the credit cycle, with procedures for credit collection of vehicles and real estate loans, through electronic notices and subpoenas, electronic noting protest, property consolidation and information package for judicial debt collection dispute. In addition, it also supports electronically the registration in notaries of property contracts, goods, equipment and documents in general, with the aim of making such registration public and legally valid before third parties.

São Paulo, March 15, 2019

Daniel Sonder

Chief Financial Officer

Investor Relations: +55 11 2565-4729 / 5165 / 4207 / 7451 / 7935 / 5115 | RI@B3.COM.BR


BM&FBovespa SA published this content on 15 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 March 2019 00:23:01 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Companies"
09:03pPHILIP MORRIS INTERNATIONAL : says Canadian unit RBH granted creditor protection
09:00pSONAE : SGPS, SA informs on the announcement made by its subsidiary Sonae Sierra Brasil S.A.
08:41pAFCON 2019 : Nigeria beat Sychelles 3-1 to top Group E
08:36pKirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Diplomat Pharmacy, Inc. and Encourages Investors to Contact the Firm Before April 25
08:35pBloomberg, Duperreault spotlight Bermuda's global value
08:34pPACIFIC ENTERPRISE BANCORP : Announces Commencement of Stock Repurchase Program
08:34pChina’s three carriers to invest $5b in 5G networks in 2019
08:33pZHONGSHENG : year net up 8.5% to RMB3.64bn
08:33pCHINA RESOURCES POWER : Res Power year net down 15% to HK$3.95 billion
08:29pPHILIP MORRIS INTERNATIONAL : Canada Unit in CCAA Protection -- Update
Latest news "Companies"