Panatlantica S.A. entered into a share purchase agreement to acquire Atkore International Indústria e Comércio de Aço e Materiais Elétricos Ltda. from Allied Switzerland GmbH for BRL 98.7 million.

Panatlantica S.A. (BOVESPA:PATI4) entered into a share purchase agreement to acquire Atkore International Indústria e Comércio de Aço e Materiais Elétricos Ltda. from Allied Switzerland GmbH for BRL 98 million on August 26, 2013. Panatlantica acquired approximately 84.9 million shares.

The purchase price will be paid in four installments, with 60% of the purchase price paid at closing and 13.33% of the purchase price paid on each of the nine, 12 and 18 month anniversaries of the closing. Banco Bradesco S.A. will provide a guarantee to underwrite the deferred installments of the purchase price. The closing of the transaction is subject to the satisfaction or waiver of customary closing conditions.

The transaction is expected to close by September 27, 2013. Banco Bradesco BBI S.A. acted as the financial advisor to Panatlantica S.A.