LPS Brasil - Consultoria de Imoveis SA : Material Fact - Alienation of Stake in Controlled Company
August 08, 2013 at 06:53 pm IST
By
Share
São Paulo, August 07, 2013 - LPS Brasil - Consultoria de Imóveis S.A. (BM&FBOVESPA: LPSB3), ("LPS" or "Company"), provider of integrated real estate brokerage, consulting and financing services in Brazil, announces, for the purposes of CVM Instruction 358/2002 and, in accordance with its corporate strategy, the disclosure to its shareholders and the general market that:
It entered into an agreement to alienate its 51% stake in the indirect subsidiary Plus Consultoria de Imóveis S.A. ("Plus") to the minority shareholders, concurrent with the irrevocable and irreversible transfer of the top three among the six stores held by the company to LPS's secondary market division, including all their respective tangible assets and databases consisting of all the properties located in the regions surrounding the stores and authorized to carry out brokerage activities.
Through its direct subsidiary, LPS has a call option on 51% of Plus' stock for a period of 10 years starting today, at the book value of its shares.
The parties also agreed that the partners of Plus will comply with the non-compete clause for a period of 5 years starting today, and that all activities related to real estate should be carried out exclusively through Plus.
The agreement signed maintains the exclusive financing arrangement between Plus and CrediPronto for a period of 10 years starting today.
The shareholders are hereby called to deliberate the subject in Extraordinary Shareholders' Meeting.
For additional information, please contact our investor relations team.
LPS Brasil - Consultoria de Imoveis SA (LPS Brasil) is a Brazil-based company engaged in the provision of real estate services. The Companyâs main activities include intermediation services in purchase and sale of real estate properties, real estate consultancy and technical advice. The Company is also involved in the operation and promotion of financial products and services in the real estate market. LPS Brasil divides its business into three sectors: Primary Market, engaged in the sale of new properties; Secondary Market, active in the resale of real estate, and Financing Promotion, involved in the promotion and provision of financial products and services related to the real estate brokerage. As of December 31, 2011, its subsidiaries included LPS Minas Gerais Consultoria de Imoveis Ltda, LPS Eduardo, EBC - Solucoes Imobiliarias Ltda, Habitcasa Consultoria de Imoveis Ltda, and Pronto Erwin Maack Consultoria de Imoveis SA, among others.
LPS BRASIL - CONSULTORIA DE IMÓVEIS S.A. 
By 
