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Lojas Renner will buy Camicado Houseware
Apr '11
Lojas Renner S.A announces that company's subsidiary, Renner Empreendimentos Ltda., entered into the Shares Purchase Agreement whose purpose is the acquisition of all shares representing the capital of Maxmix Comercial Ltda., a company operating in the retail of housewares, bedding, bath and table linens and decor articles, under the brand "CAMICADO Houseware" and operates 27 stores in the South, Southeast and Midwest regions of the country.

The closing of this transaction is subject to the satisfactory implementation of certain conditions precedent customary to this type of Transaction, including approval by the shareholders of the Company to be convened especially for this purpose, pursuant to Article 256 of Law 6.404/76.

Considering the issued shares of the Company comply with the liquidity and dispersal requirements foreseen on Article 137, item II, of Law 6.404/76, it will not be made available to the dissenting shareholders the right to withdraw from the Company in the event of corporate conversion as of Article 256, §2º of the same Law.

Renner Empreendimentos and Sellers shall take all necessary measures for making notifications to the agencies of the Brazilian Antitrust System.

The Transaction represents another important step in consolidating the Company's business in the retail industry in Brazil and is aligned with its strategy of growth and value creation for its shareholders.

Lojas Renner S.A

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