Cosan Limited : Material Fact - Cosan Alimentos Sale
October 24, 2012 at 06:11 pm EDT
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Material Fact
São Paulo, October 24, 2012 - COSAN S.A. INDÚSTRIA E
COMÉRCIO (BM&FBOVESPA: CSAN3) (BM&FBovespa: CSAN3)
("Cosan" or "Company"), in reference
to the Material Fact published on May 28, 2012, announces
that on this date it executed with Camil Alimentos S.A.
("Camil") an Addendum to the Association and
Other Covenants Agreement of May 28, 2012 by which all
shares issued by its subsidiary Docelar Alimentos e
Bebidas S.A. were sold to Camil for the total price of
R$463,770,000.00. Of this total, R$88,770,000.00 will be
received upon conclusion of the operation,
R$170,000,000.00 will be cash and the remaining
R$205,000,000.00 divided in up to four installments.
The sale of the Docelar shares to Camil was approved
without restriction by the Economic Defense
Administrative Board - CADE on July 19, 2012 and the
addendum executed on this date will be duly communicated
to the anti-trust authorities.
Marcelo Martins
CFO and Investor Relations Officer
Cosan Limited (Cosan) is a holding company. The Company's segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Lubricants and Other business. The Company's other business include other investments, in addition to the corporate activities. The Company offers Logistics services, including transportation, port loading and storage of sugar, leasing or lending of locomotives, wagons and other railway equipment, through its subsidiaries Rumo Logistica Operadora Multimodal S.A. (Rumo), logistic segment (Logistic). The Company is also engaged in production and distribution of lubricants, through its indirect subsidiaries Cosan Lubrificantes e Especialidades S.A. (Moove) and Comma Oil & Chemicals Ltd. (Comma), under the Mobil licensed trademark in Brazil, Bolivia, Uruguay and Paraguay, in addition to the European and Asian market using the Comma brand and corporate activities (Lubricants).