Empresa Nacional de Comércio, Rédito e Participações S.A. - ENCORPAR (BOVESPA:ECPR3) made an offer to acquire 25.85% stake in Companhia de Tecidos Norte de Minas (BOVESPA:CTNM4) for BRL 14.4 million in cash on February 4, 2013. Empresa Nacional de Comércio will acquire a maximum of 1.6 million common shares and a minimum of 2.4 million preferred shares at BRL 3.6 per share of in Companhia de Tecidos. In all cases, the number of common and or preferred shares to be acquired will correspond to 4 million shares. The offer will be conducted through through an auction on the Bovespa Stock Exchange. The offer will be valid for a 35 –day term and will commence on February 5, 2016 and will end on March 12, 2016. The offer is not subject to registration with the Brazilian Securities Commission. Credit Suisse (Brasil) S.A. Corretora de Títulos e Valores Mobiliários acted as intermediary in the deal.


Empresa Nacional de Comércio, Rédito e Participações S.A. - ENCORPAR (BOVESPA:ECPR3) cancelled the acquisition of 25.85% stake in Companhia de Tecidos Norte de Minas (BOVESPA:CTNM4) on February 4, 2014.