The acquisition of the entire capital stock of the Borgato Companies will be governed by an agreement yet to be entered into and will be subject to the usual conditions applicable to this type of transaction, including approval by the Brazilian antitrust authorities.
The purchase of the Borgato Companies is in line with JSL‘s growth strategy in the segment of rental and commercialization of heavy vehicles and machinery, complementing its current portfolio and contributing with the deleveraging of JSL.
JSL will keep the market informed about the transaction of acquisition of the Borgato Companies, including information about whether the provisions in article 256 of Law 6,404/76 shall apply and whether the Company’s shareholders will be entitled to withdrawal rights.
São Paulo, November 24, 2017
Denys Marc Ferrez
Investor Relations Officer