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Battistella Administracao e Participacoes SA (BTTL4.SA)

BTTL4.SA on Sao Paolo Stock Exchange

9.93BRL
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Latest Key Developments (Source: Significant Developments)

Battistella Administracao E Participacoes SA to sell 100 percent of Santa Catarina Veiculos e Servicos Ltd
Friday, 25 Sep 2015 08:03am EDT 

Battistella Administracao E Participacoes SA:Along with its unit Tangara Participacoes Ltda signed contract to sell 100 percent stake in Santa Catarina Veiculos e Servicos Ltd to CODEMA COMERCIAL E IMPORTADORA LTDA, a unit of SCANIA LATIN AMERICA LTDA.  Full Article

Battistella Administracao e Participacoes SA sells stake of 4 pct in Portinvest for 50 million reais
Monday, 10 Aug 2015 07:46am EDT 

Battistella Administracao e Participacoes SA:Says that its subsidiaries Battistella Industria e Comercio Ltda (BIC) and Battistella Trading SA, signed a contract on July 30 with LogZ Logistica Brasil SA to sell 1,428,637 shares of Portinvest Participacoes SA (4.46 pct of its share capital) for 50 million Brazilian reais.From the total amount of shares, 1,017,333 shares were hold by BIC and 411,304 shares of Battistella.Consequently, Battistella's stake in Portinvest dropped to 55.5 pct from 60 pct and Logz increases to 45.46 pct from 40 pct.In this contract, it was also established that Logz was entitled to additional subscription rights of 2,846,067, at the price of 99.6 million Brazilian reais, clause to be executed within the next 3 years.  Full Article

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