NOTICE OF MATERIAL FACT
São Paulo, October 31st, 2016 – in compliance with Article 157, Paragraph Four, of Law No. 6,404/1976, and CVM Rule No. 358/2002, and in addition to the Notices of Material Facts released on May 11, August 8, and September 12, 2016, and to the Notice to the Market released on October 27, 2016, hereby informs its shareholders and the market in general that the corporate reorganization for the integration of the e-commerce business operated by Cnova Comércio Eletrônico S.A. (“Cnova Brazil”) into the business of Via Varejo S.A. (“Via Varejo”) was implemented on this date, as a result of which Cnova Brazil became a wholly-owned subsidiary of Via Varejo (“Reorganization”).
Therefore, Via Varejo now controls the e-commerce activities under the brands “Casas Bahia”, “Ponto Frio” and “Extra” developed by Cnova Brazil, thus enabling the initiation of the implementation of the necessary measures for the capture of the expected synergies arising from the integration of such activities to the retail activities in brick and mortar stores developed by Via Varejo.
For more information, please, click here.