Minerva S.A. (“Minerva” or “Company”), one of the leaders in South America inthe production and sale of fresh beef, live cattle and cattle byproducts, withoperations also in the beef processing segment, pursuant to the provisions of article157, paragraph 4th, of Law No. 6,404 of December 15, 1976, as amended(“Brazilian Corporation Law”), and in accordance with CVM Instruction No. 358 of January 3, 2002, asamended (“ICVM358/02”), in furtherance of the press release disclosed on June 6th, 2017 and in view of the news published by the media, hereby informs its shareholders and the market in generalthat:
The Company became aware, on this date, of the judicial ruling issued on June 19th, 2017 by the Alternate Federal Judge of the 10th Federal Criminal Court (Juiz Federal Substituto da 10.ª Vara Federal Criminal) within the scope of Lawsuit No. 21611-33.2017.4.01.3400, whereby the court suspended the sale, by JBS S.A. and JBS Handels GmbH, of the companies JBS Paraguay S.A., Industria Paraguaya Frigorifica S.A., Frigorifico Canelones S.A. and JBS Argentina S.A., to the subsidiaries of the Company, Pul Argentina S.A., Frigomerc S.A. and Pulsa S.A. (“Company’s Subsidiaries”), which share purchase agreement was executed in June 6th, 2017 (“Transaction”).
It is important to highlight that, under the terms of the share purchase agreement, the closing of the Transaction is subject to several conditions, among which the absence of any ruling aiming to forbid, limit or postpone the Transaction, or that disputes its validity or legitimacy.
Therefore, the Company clarifies that, up to the date hereof and until the closing of the Transaction, no amounts have been paid or will be paid in favor of the sellers.
The Company hereby reaffirms its commitment to maintain its shareholders and the market in general informed about any developments on this matter and any other matters that may be relevant to the market.
Barretos, June 21st, 2017.
Eduardo Pirani Puzziello
Investor Relations Officer
To access the Material Fact – Court Ruling click here.