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TPI Triunfo Participacoes e Investimentos SA Updates on Creation of Vetria Mineracao SA with All America Latina Logistica SA and Vetorial Participacoes SA's Shareholders


Tuesday, 4 Dec 2012 07:53am EST 

TPI Triunfo Participacoes e Investimentos SA (Triunfo) announced that on December 3, 2012 conditions precedent have been fulfilled for the contract signed on December 19, 2011 between Triunfo, All America Latina Logistica SA (ALL) and shareholders of Vetorial Participacoes SA for the implementation of a strategic association, through a Brazilian corporation to be named Vetria Mineracao SA (Vetria). As a result, the parties entered into shareholders' agreements among themselves, regulating their rights and obligations in Vetria. The total share capital of Vetria is distributed as follows: ALL - 50.38%; Triunfo - 15.79%, and shareholders of Vetorial Participacoes SA - 33.83%. The contract is still subject to government permits, certification of mineral reserves and obtaining financial resources. 

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