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Material Fact - Assets Held for Sale

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material fact
 
assets held for sale
São Paulo, March 28, 2017 Triunfo Participações e Investimentos S.A. (“Company”), continuing the Notice to the Market disclosed on February 6, 2017, hereby informs its shareholders and the market that, with the objective of raising funds and reducing its own and its subsidiaries’ debts, it has, together with financial and legal advisors, commenced the procedures to divest its ownership interest in the following assets: Aeroportos Brasil S.A., Portonave S.A.– Terminais Portuários de Navegantes, Tijoá Participações e Investimentos S.A. and CSE – Centro de Soluções Estratégicas S.A. 
 
As a result, in its Financial Statements for the fiscal year ended December 31, 2016, the Company classified its investments in the held-for-sale subsidiaries as “Equity interest for sale” under current assets of the Parent Company and Consolidated Financial Statements. The Company also highlights that the above-mentioned assets are recorded in the Financial Statements at their book value, which differs from their fair value, in accordance with CPC 31 – Non-current assets held for sale and discontinued operations (IFRS 5).  
 
The Company will keep the market duly informed of the matter addressed in this Material Fact notice.
 
Click here for the PDF file.
 
 

 

28 March 2017