Companhia Brasileira de Distribuição (“CBD”), in compliance with the provisions of Article 157, paragraph 4th, of Law No. 6,404, of December 15, 1976, as amended and currently in force, and of Brazilian Securities and Exchange Commission – CVM Ruling No. 358/2002, as amended, hereby informs to the shareholders and the general public that, on the date hereof, CBD received a correspondence from the International Chamber of Commerce (“ICC”), through which it was notified about the request for an arbitration proceeding filed by Morzan Empreendimentos e Participações (the “Procedure”).
The Procedure refers to issues relating to the Share Purchase Agreement entered into by Mandala Empreendimentos e Participações S.A., a subsidiary of CBD, on June 8th, 2009 (the “Agreement”), to acquire 86,962,965 common shares, without par value, then representing 70.2421% of the voting capital of Globex Utilidades S.A., object of the Material Fact released by CBD on June 8th, 2009, and its terms and conditions are subject to confidentiality obligations.
CBD understands that the request submitted in the Procedure is unsupported, since the Agreement has been fully complied with, what will be demonstrated throughout the Procedure.
CBD will keep its shareholders and the market informed of any relevant developments relating to the Procedure.
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