Companhia de Tecidos Norte de Minas (BOVESPA:CTNM4) agreed to acquire 29% stake in Companhia de Fiacao e Tecidos Cedro e Cachoeira (BOVESPA:CEDO4) from Empresa Nacional de Comercio Redito e Participacoes SA - ENCORPAR (BOVESPA:ECPR4) for approximately BRL 100 million in stock on April 2, 2012. Companhia de Tecidos Norte de Minas is acquiring 1.06 million of common shares and 1.83 million of prefered shares of Companhia de Fiacao e Tecidos. As part of consideration, Coteminas will issue 24. 5 million shares to Encorpar. Credit Suisse Group acted as financial advisor to Companhia de Tecidos Norte de Minas.