Eternit S.A. (BOVESPA:ETER3) signed a binding offer for the acquisition of CONFIBRA Indústria e Comércio Ltda for BRL 110 million on March 29, 2021. Consideration is subject to adjustments after the conclusion of due diligence, and the same has been accepted by its owners. As per the Material Fact and Notice to Shareholders disclosed on March 19, 2021, the Board of Directors of the Eternit S.A approved the capital increase, through private subscription, in the amount of BRL 110 million, through the issue of 10.1 million registered common shares at BRl 10.89 per share and the proceeds will be allocated to the acquisition of CONFIBRA.

Eternit S.A. (BOVESPA:ETER3) completed the acquisition of CONFIBRA Indústria e Comércio Ltda. on January 10, 2022. The current owners of Confibra will be entitled to a further BRL 10 million at the end of this year if certain financial targets are met. As on July 6, 2022, Brazilian antitrust body Cade approved the deal.