Lupatech S.A. (LUPAY: OTC Link) | Conclusion of the sale of Microinox, a unit of the Metallurgy segment

Conclusion of the sale of Microinox, a unit of the Metallurgy segment

Mar 16, 2012

OTC Disclosure News Service

Sao Paulo, Brazil –

LUPATECH S.A.

Corporate Taxpayer’s ID (CNPJ/MF): 89.463.822/0001-12

Company Registry (NIRE): 43300028534

Publicly-held Company – Novo Mercado

 

NOTICE TO THE MARKET

Conclusion of the sale of Microinox, a unit of theMetallurgy segment

Caxias do Sul, March 16, 2012LupatechS.A. (BMFBOVESPA: LUPA3) (OTCQX: LUPAY) (Lupatech FinanceLTD 97/8 Perpetual Bonds: ISIN USG57058AA01) (“Lupatech” or“Company”), leadingBrazilian supplier of manufactured products and services for the oil and gassector, announces that today was signed between the Company and Hidro JetEquipamentos Hidráulicos Ltda. (“Hidro Jet”), a Contract for the Purchase and Sale of Quotas of Microinox – Fundição de Precisão e Usinagem Ltda. (“Microinox”), asper binding proposal announced to the market on December 14th, 2011.

The sale of Microinox wasconcluded by the amount of R$32 (thirtytwo) million and the transfer of assets should occur until April 2nd,2012.

With the sale of this unit,the Company has concluded the sale of the Metallurgy segment initiated in 2011and that is part of the process of restructuring and rationalization of theCompany’s structures.

Lupatech, through itsInvestor Relations Department, is available for any clarifications through thecontacts below.

 

InvestorRelations – Contacts

AlexandreMonteiro – CEO                                                      CynthiaBurin – Investor Relations

Telephone:+55 (11) 2134-7000 or +55 (11) 2134-7088                   E-mail: ir@lupatech.com.br

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/LUPAY/news?id=43747

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