Etex SA (ENXTBR: 094124453) agreed to acquire 35% stake in Pladur from Corporación Empresarial de Materiales de Construcción, S.A. (BME:CMC) for €67.3 million on April 26, 2017. As of July 24, 2017, Etex entered into an agreement to acquire 35% stake in Pladur from Corporación Empresarial de Materiales de Construcción. Out of the total consideration of €67.3 million, Etex will pay €12 million in cash and €55.3 million in dividend collection rights, and includes the cancellation of an intra-group loan granted by Pladur to Coemac. In particular, Coemac will sell 35% of the capital of Pladur to Etex, which already had 40.69% of Valenciana. After the deal, Etex becomes the majority partner with 75.69%, while Coemac loses control and remains with the remaining 24.31%, on which the multinational of construction materials will have a call option to run for a maximum of three years. In addition, under the deal, Pladur will distribute a dividend of approximately €140 million with which the debit positions held for the same amount are canceled. The agreement is part of the process of refinancing the lines of guarantees, discounts and confirmation of Coemac that it agreed with its banks a few months ago. The completion of the transaction is subject to approval by the shareholders of Coemac and antitrust approval. The transaction is expected to close in the fourth quarter of 2017. On June 28, 2017, the Coemac shareholders' approved the deal. As of July 24, 2017, National Commission for Markets and Competition approved the deal and the deal is expected to close in December 2017. Neil Collen, Santiago de Santos, Diego Moreno of Livingstone acted as financial advisors for Etex. Vidal Israel of Atlas Capital Partners S.L. acted as financial advisor to Pladur. Juan Antonio Aguayo Escalona,Ignacio Escrivá de Romaní Morales-Arce and Mª José Víboras Cabañero of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as a legal advisors to COEMAC.

Etex SA (ENXTBR: 094124453) completed the acquisition of 35% stake in Pladur from Corporación Empresarial de Materiales de Construcción, S.A. (BME:CMC) on December 22, 2017.