Key Developments: Banco Indusval SA (IDVL4.SA)

IDVL4.SA on Sao Paolo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Banco Indusval SA Signs Credit Contract with INTERNATIONAL FINANCE CORPORATION
Wednesday, 31 Jul 2013 05:14pm EDT 

Banco Indusval SA announced that on July 31, 2013 it completed a credit contract with INTERNATIONAL FINANCE CORPORATION (IFC) in the amount of USD 15,000,000.  Full Article

Banco Indusval SA Announces Partial Homologation of Capital Increase
Monday, 22 Jul 2013 07:39am EDT 

Banco Indusval SA announced that, following information disclosed to the market on May 14, 2013, June 18, 2013, June 26, 2013, July 11, 2013 and July 2, 2013, its Board of Directors approved on July 19, 2013 a partial homologation of a capital increase through the issue of 7,465,248 ordinary shares and 4,861,863 preferred shares, totaling BRL 89,987,910.30  Full Article

Banco Indusval SA Acquires Banco Intercap-DJ
Wednesday, 26 Jun 2013 06:53pm EDT 

Dow Jones reported that Banco Indusval SA said late June 26, 2013 that it had signed a deal to purchase closely held bank Banco Intercap. The value of the acquisition will be based on Banco Intercap's net assets as of June 30, Banco Indusval said, which noted that Intercap's net assets were BRL117 million ($53 million) as of March 31. Intercap shareholders will then buy the equivalent value in Indusval shares as part of a capital increase of the bank, Indusval said. Intercap is controlled by the Hennel family and Brazilian businessman Roberto de Rezende Barbosa. Mr. Barbosa and Afonso Antonio Hennel will join Banco Indusval's board.  Full Article

Banco Indusval SA Updates on Capital Increase
Wednesday, 19 Jun 2013 07:58am EDT 

Banco Indusval SA announced that on June 14, 2013 ended period to exercise preference right for the subscription of shares in context of the capital increase approved on May 14, 2013. There were 7,092,277 ordinary shares and 3,716,651 preferred shares subscribed at the issue price of BRL 7.30 per share, totaling BRL 78,905,174.40. Moreover, in this period, 294,238 ordinary shares and 1,054,485 preferred shares were object of the firm order for subscription of remaining shares, totaling BRL 9,845,677.87. Thus, the total of subscribed shares will be of 7,386,515 ordinary shares and 4,771,136 preferred shares, totaling an increase in the minimum amount of BRL 88,750,852.30, which represents a 96.47% of the maximum amount of the approved capital increase. Between June 19, 2013 and June 25, 2013 1,793,812 shares, of which 372,973 ordinary shares and 1,420,839 preferred shares, will be divided proportionally to the shareholders in the proportion of 5.371554881% for ordinary shares and 38.459210617 for preferred shares.  Full Article

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