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Alpargatas SA Completes Acquisition of 30% Stake in Terras de Aventura Industria de Artigos Esportivos SA


Monday, 4 Mar 2013 02:03pm EST 

Alpargatas SA announced that following the communication disclosed to the market on October 10, 2013, the Company on March 4, 2013, acquired 30% in the share capital of Terras de Aventura Industria de Artigos Esportivos SA (Osklen). On this date, the Company made the payment of the first installment totaling BRL 67,500,000.00 . The payment of the second installment will be done in 15 months as from this date. The Company will have the possibility to acquire another 30% of Osklen within 60 days as from the payment of the second installment. 

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22 Oct 2014