MEXICO CITY, Aug. 30, 2016 /PRNewswire/ -- Grupo Rotoplas, SAB de CV (BMV: AGUA) ("Rotoplas" or the "Company"), the leading provider of individual and integrated water solutions in the Americas, announced today that, per Rotoplas' announcement dated July 20, 2016, all closing conditions to the acquisition of 80% of the series "A" shares representing the capital stock of Soluciones y Tratamiento Ecológico, SA de CV ("Sytesa"), (the "Transaction"), under the investment contract and partnership held by the Company have been successfully completed.
As agreed among the parties and in accordance with the investment contract and association, the closing Transaction will be held on August 31, 2016.
The Transaction will be fully financed through Grupo Rotoplas' internal resources and Sytesa's results will be integrated into Rotoplas' September 2016 financial results.
More information about the Transaction might be consulted in the information statement, which was delivered to the Comisión Nacional Bancaria y de Valores and is available to the financial community, drawn up in terms of Article 104, section IV of the Securities Market Act, Article 35 and Annex P of the General Provisions Applicable to Securities Issuers and other Participants in the Securities Market (the "Information Statement").
Copies of the Information Statement are available to the financial community through the Investor Relations area, whose offices are located at Pedregal 24, 19th floor, Colonia Molino del Rey, Miguel Hidalgo, CP 11040, Mexico City, Attention: Nayelli Corro Campos, Phone: 52 (55) 5201-5000, email: [email protected]. The electronic version of the Information Statement is available on the website of Rotoplas at www.rotoplas.com and on the website of the Bolsa Mexicana de Valores SAB de CV at www.bmv.com.mx.
This press release may include certain forward-looking statements relating to Grupo Rotoplas S.A.B. de C.V., it relies on considerations of the Grupo Rotoplas S.A.B. de C.V. management which are based on current and known information; however, the forward-looking statements could vary due to facts, circumstances and events beyond the control of Grupo Rotoplas, S.A.B. de C.V.
About the Company
Grupo Rotoplas S.A.B. de C.V. is the leading provider of individual and integrated water solutions for storing, carrying, and treating water in the Americas. With more than 35 years' experience in the industry and 23 plants throughout the Americas, Rotoplas has a presence in 13 countries and a portfolio that includes 17 product lines. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 2014.
SOURCE Grupo Rotoplas SAB de CV