CAXIAS DO SUL, Brazil, April 4 2007 / Lupatech S.A. ("Lupatech" or "Company"), Brazil's leading manufacturer and marketer of industrial valves in Mercosur and specialized in the development and production of complex metal alloy parts and sub-assemblies, announces the conclusion of the transaction with Cordoaria Sao Leopoldo S.A. (CSL) involving the Rope Business for Platform Anchoring (CSL Off-Shore).
CSL Off-Shore has a processing capacity in excess of 7.2 thousand tons per year of synthetic fibers and uses proprietary technology developed in Brazil that incorporates the most efficient technique for the construction of synthetic fiber ropes for the Oil and Gas Industry.
Investment Banking Group, State Capital, with offices in Miami and Brazil, was the Financial advisor in this transaction.
“we are happy, for the conclusion of this transaction, which brings together, two very smart businessmen together, like Jose and Nestor and two spectacular businesses like CSL and Lupatech, in the path for growth” State Capital CEO, Luca Longobardi, stated.
The transaction was made in line with the long term strategic planning of Lupatech and increases the product portfolio of the Company for the Deep and Ultra Deep Oil E&P. The amount to be invested by the Company is around R$140 million (US$68 million), of which R$60 million will be made by the issuance of approximately 1.7 million new shares of Lupatech. CSL Off-Shore starts with a shareholders equity of R$35 million.
Theses are latest Key Development for Lupatech:
Lupatech SA’s Wholly Owned Subsidiary Signs Agreement to Acquire Jefferson Sudamericana S.A.
Wednesday, 15 Aug 2007 08:29am EDT
Lupatech SA announced that its wholly owned subsidiary, Valvula Worcester de Argentina S.A. (VWA), has signed an agreement to acquire Jefferson Sudamericana S.A. (Jefferson). The value of the acquisition is USD 29 million.
Lupatech SA Acquires Kaestner & Salermo and Ocean Coating
Monday, 23 Jul 2007 08:09am EDT
Lupatech SA announced that via its subsidiary, Lupatech Oil Tools Industria de Ferramentas Ltda., it acquired integral part of the shares of Kaestner & Salermo Comercio e Servicos Ltda (K&S) and of its controlling entity, Ocean Coating Revestimentos Ltda (Ocean Coating). K&S is a company located in Macae, state of Rio de Janeuro, and it specializes in maintenance and inspection of pipes and anti-corrosive tube coating.
Lupatech SA Announces Authorization of Acquisition and Increase in Capital
Friday, 18 May 2007 08:11am EDT
Lupatech SA announced its authorization to acquire 100% of Cordoaria Sao Leopoldo Off-Shore Ltda., through its subsidiary Lupatech – MNA Investimentos e Participacoes Ltda. In addition the Company will distribute 7,047,666 ordinary shares into the market.
Lupatech SA Announces Capital Increase Approval
Thursday, 10 May 2007 07:33am EDT
Lupatech SA announced that its board of directors has approved a capital increase in the amount of R$1,276,132.20 through the issuance of 104,601 common shares at the price of R$12.20 per share.
Lupatech SA Signs Letter of Intent to Acquire Gasoil Servicos Limitada
Thursday, 3 May 2007 08:34am EDT
Lupatech SA announced that it has a signed a letter of intent to acquire Gasoil Servicos Limitada, in the city of Macae, in the state of Rio de Janeiro. The value of the acquisition is approximately R$87,290,000.00. The transaction should be concluded in the second trimester of 2007.
Lupatech SA Concludes Transaction with Cordoaria Sao Leopoldo S.A.
Wednesday, 4 Apr 2007 08:17am EDT
Lupatech SA announces the conclusion of the transaction with Cordoaria Sao Leopoldo S.A. (CSL) involving the Rope Business for Platform Anchoring (CSL Off- Shore). The transaction was made in line with the long term strategic planning of Lupatech and increases the product portfolio of the Company for the Deep and Ultra Deep Oil E&P. The amount to be invested by the Company is around R$140 million (US$68 million), of which R$60 million will be made by the issuance of approximately 1.7 million new shares of Lupatech. CSL Off-Shore starts with a shareholders equity of R$35 million.
Lupatech SA Acquires Petroima, Zmach's assets and Know How Entering the Oil & Gas Tools Business
Tuesday, 3 Apr 2007 08:11am EDT
Lupatech SA announces the acquisition of the totality of Lupatech Petroima Equipamentos para Petroleo Ltda, assets of Zmach Tecnologia Ltda. and the Know-How for the manufacturing of oil tools, starting a new business for the Company, named Lupatech Oil Tools, with two industrial facilities in Brazil: Simoes Filho, in Bahia state and Caxias do Sul, in Rio Grande do Sul state. The transaction includes the technology, plants, equipment and know how, mainly in the manufacturing of tools and equipment for the Oil & Gas industry and service provision of precision machinery to the automotive chain. Lupatech Oil Tools will have shareholders equity of R$ 8.2 million. The transaction considers immediate investments of R$ 20 million. In addition to this investment, a second payment will be made, contingent on the performance of Lupatech Oil Tools in 2008, and will be made in shares to be issued in the first quarter of 2009.
Lupatech SA Announced Proposal of Dividend Distribution
Thursday, 22 Mar 2007 07:33am EDT
Lupatech SA announced the proposal of dividend distribution in the amount of R$0.1276 per share.
Lupatech SA Acquires Valvulas Worcester de Argentina Sociedad Anonima, Industrial y Comercial
Monday, 30 Oct 2006 04:25pm EST
Lupatech S.A. announced that it has acquired 100% of Valvulas Worcester de Argentina Sociedad Anonima, Industrial y Comercial and Esferomatic S.A. through the execution of 'Letter of Intent' with Kvarnstig Aktiebolag and Worcester Corporation Bahamas. The transaction amounts to $55.6 million, which will be paid on the occasion the transaction is closed, the conclusion of which is expected for 4Q06.
Lupatech SA Announces the Distribution of Debenture Notes
Friday, 6 Oct 2006 03:44am EDT
Lupatech SA announced the approval of the distribution of 20,000 debenture notes at a value of R$10,000.00 per note.
