Marisa Shops must purchase 20% of the capital stock of Netpoints

SÃO PAULO-Marisa Shops celebrated on Tuesday an agreement to buy 20% stake in the share capital and the total voting Netpoints Loyalty, totaling r $ 26,026 million. This is an "operational partnership" between the companies, according to Marisa. "From the completion of the operation customers of Marisa affiliated to the loyalty program Friend will be migrated to the loyalty program of Netpoints," in fact.
On completion of the operation, the company shall conclude a shareholders ' agreement with the totality of the shareholders of Netpoints, among them the Smiles, through which the company will have a veto on relevant matters and right to nominate a member of the Board of Directors and any committees established by the Netpoints, said the document.
The closing of the transaction is subject to certain conditions precedent agreed between the parties, including the approval by the Administrative Council for economic Defense (Cade), added the company.