OREANDA-NEWS. BANCO INDUSVAL S.A. informs that the Company signed the Purchase and Sale Commitment of the totality of the share capital of Voga Empreendimentos e Participates Ltda. (“VOGA”), a financial services company focused on strategic financial advisory and corporate finances in general.

Since the acquisition is subject to Brazilian Central Bank’s approval, according to CMN (“Conselho Monetario Nacional”) Resolution n# 4062/2012, simultaneously to the above referred signature an operational agreement between BI&P and VOGA was signed to enable joint origination and execution efforts of the activities currently developed by VOGA.

VOGA was established in 2005 by Alexandre Doria, Rogerio Pacheco and Samuel Oliveira, and has advised clients in more than 50 transactions. VOGA’s team and incorporator shareholders will be a part of the new BI&P team, as well as Rodrigo Rocha, a professional with large experience in investment banks in the area of fixed income securities distribution. The new partners fit in the bank’s experience contribution strategy, and, overall, in the communion of values with BI&P.

The combination between this new team’s expertise with Bl&P’s platform will enable a larger offer of services to a complimentary client base, besides enlarging Bl&P’s participation in mergers and acquisitions operations, corporate debt issuance and other fixed income products, IPO processes, corporate governance and financial valuations, which shall bring innovative solutions that contributes to its client’s development.

The value of VOGA’s total share capital acquisition is not considered as a relevant investment by BI&P according to article 247, single paragraph, of Law 6404/76, and it shall not give rise to the shareholder’s right to withdraw in accordance with article 256 of the above referred law.