Key Developments: Lupatech SA (LUPA3.SA)

LUPA3.SA on Sao Paolo Stock Exchange

0.08BRL
21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Lupatech SA completes the sale of Argentinean subsidiaries to Sophia Capital Fund
Monday, 3 Nov 2014 02:32pm EST 

Lupatech SA:After information disclosed to the market on Aug. 11 and Oct. 29, Lupatech announces the completion of the sale process of its Argentinean subsidiaries to Sophia Capital.Sale price, as already announced, of 22 million us dollars.Sophia Capital did not exercise the exclusivity right granted by the Company for the acquisition of the business related to Jefferson Sudamericana S.A. and its units.This transaction is part of the restructuring of the Company’s capital structure and indebtedness and represents an important step in the process of strengthening its capital position, as well as in obtaining resources to destine in the business of the Company.  Full Article

Lupatech SA updates on Argentinean subsidiaries deal with Sophia Capital Fund
Wednesday, 29 Oct 2014 06:37am EDT 

Lupatech SA:After information disclosed to the market on Aug. 11, Lupatech announces it signed a purchase and sale agreement with the Argentinean fund Sophia Capital.Deal over of Argentinean subsidiaries Válvulas Worcester de Argentina SA, Esferomatic SA, Norpatagonica SA, Válvulas W. San Luis and Industria Y Tecnologia en Aceros SA.Says business related to Jefferson Sudamericana SA and its units separated from the acquisition at this moment and it was granted to Sophia the exclusivity right to make this acquisition until Oct. 31.Final acquisition price of $22 million to be paid in 3 tranches.$10 million tranche will be paid not later than Nov. 5 (closing date); $7 million tranche will be paid in up to 10 business days after the closing; $5 million tranche will be paid in up to 5 business days through verification of some conditions, not sooner than 10 business days after the closing.  Full Article

Lupatech SA agrees to sell subsidiaries
Monday, 11 Aug 2014 07:51am EDT 

Lupatech SA:Says it has accepted a binding offer for the sale of its subsidiaries, Valvulas Worcester de Argentina SA, Esferomatic SA, Jefferson Sudamericana SA and its units, Norpatagonica SA, Valvulas W. San Luis, Recu SA, Lupatech Inversiones y Participaciones SA and Industria Y Tecnologia en Aceros SA.The offer was made by private equity fund Sophia Capital.Sophia Capital proposes $32 million for the acquisition.  Full Article

Lupatech SA announces capital increase
Wednesday, 23 Jul 2014 08:08am EDT 

Lupatech SA:Approves capital increase in the minimum amount of 676,000,000 Brazilian reais and in the maximum amount of 1,320,000,000 reais, through the issue of minimum 2,704,000,000 ordinary shares and maximum 5,280,000,000 shares.After capital increase, share capital of the company will be raised from 752,269,715.23 reais to minimum 1,428,269,715.23 reais and maximum of 2,072,269,715.23 reais.Issue price set at 0.25 reais per share.  Full Article

LUPAPAR NEGOCIOS E EMPREENDIMENTOS LTDA Decreases Stake in Lupatech SA
Thursday, 17 Oct 2013 10:06am EDT 

Lupatech SA announced that LUPAPAR NEGOCIOS E EMPREENDIMENTOS LTDA has decreased its stake in the share capital of the Company to approximately 3.7668%.  Full Article

Lupatech SA Concludes Sale of Tubular Services Unit's Assets of Its Subsidiary
Tuesday, 15 Oct 2013 07:29am EDT 

Lupatech SA announced that, following information disclosed to the market on June 17, 2013 and August 6, 2013, it concluded sale of assets of Tubular Services unit, located in the Rio das Ostras Municipality, Rio de Janeiro state, Brazil. Tubular Unit Rio das Ostras is an affiliate of Lupatech Equipamentos e Servicos para Petroleo Ltda, a direct subsidiary of the Company. There was a reduction in the amount of BRL 400,000 from the value previously announced.  Full Article

Lupatech SA Sells Tubular Services Unit's Assets of Its Subsidiary
Tuesday, 6 Aug 2013 05:00pm EDT 

Lupatech SA announced that, following a binding proposal disclosed to the market on June 17, 2013, it signed on August 6, 2013 a contract with Vallourec Transportes e Servicos Ltda, a company controlled by V&M do Brasil SA, for the sale of assets of Tubular Services unit, located in the Rio das Ostras Municipality, Rio de Janeiro state, Brazil. Tubular Unit Rio das Ostras is an affiliate of Lupatech Equipamentos e Servicos para Petroleo Ltda, a direct subsidiary of the Company. The final value of the acquisition amounts to BRL 58,940,000. Conclusion of the transaction is subject to approval of the organs of defense of competition.  Full Article

Lupatech SA Accepts Binding Proposal for Sale of Tubular Services Unit's Assets of Its Subsidiary to V&M do Brasil SA
Tuesday, 18 Jun 2013 07:59am EDT 

Lupatech SA announced that on June 17, 2013 it accepted a binding proposal from V&M do Brasil SA (V&M do Brasil) for the sale of operating assets of Tubular Services unit, located in the Rio das Ostras Municipality, Rio de Janeiro state, Brazil. Tubular Unit Rio das Ostras is an affiliate of Lupatech Equipamentos e Servicos para Petroleo Ltda, a direct subsidiary of the Company. The proposal concerns acquisition of the machinery, equipment and installations of Tubular Unit Rio das Ostras by V&M do Brasil for BRL 60 million.  Full Article

Lupatech SA Announces Capital Increase Following Conversion of Debentures into Shares
Wednesday, 10 Apr 2013 02:25pm EDT 

Lupatech SA announced that on April 8, 2013 it approved a capital increase which results from the conversion of 600,692 debentures into shares of the Company. It homologated a capital increase at the value of BRL 2,402,768.00. Each debenture will be converted in 263 ordinary shares of the Company. Price per share was fixed at BRL 4.00. In result, the share capital of the Company will raise from BRL 749,864,843.23 divided into 157,003,401 common shares to BRL 752,267,611.23, divided into 157,604,093 common shares.  Full Article

Lupatech SA Appoints Chief Executive Officer
Friday, 8 Feb 2013 06:29am EST 

Lupatech SA announced that its Board of Directors on February 7, 2013 appointed Mr. Ricardo Doebeli Chief Executive Officer (CEO) of the Company effective as from February 18, 2013. As from February 18, 2013, Mr. Alexandre Monteiro, the current CEO will no longer serve at the Company.  Full Article

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