Americanas Says Store Partnership with Vibra Energia Is Ended

The partnership between Americanas and Vibra Energia for exploring the business of small retail stores developed through the company Vem Conveniência was terminated, says Americanas in a material fact.

• Disproportionate partial spin-off was foreseen in the shareholders’ agreement of Vem Conveniência
  • All shares issued by Vem owned by Vibra will be canceled
  • Americanas will receive a certain number of shares issued by BR Mania that will be fully acquired by Vibra
  • Amount of 192 million reais will be paid in cash
• Upon conclusion of the termination, Americanas will fully own the shares issued by Vem, which will own the “Local” ...