Brazil – Emerenciano, Baggio e Associados – Advogados advises Eliane S/A on the merger with Portobello S/A, two traditional Brazilian companies which produce ceramic tiles.

“It is a representative deal in the Brazilian ceramic tiles market, which will create the largest company in this segment in our country and one the top companies in the world, with expected revenues above R$ 1 billion” explains Robertson Emerenciano, partner Emerenciano, Baggio e Associados.

Emerenciano anticipates that the deal will be finalised by March 2012, when the finalisation of the agreements and due diligence proceedings and antitrust approvals are expected.

The Merger

This year the companies Eliane and Portobello together are expecting to have revenues of R$ 1,1 billion, and the new company will be the leader in ceramic tile in the domestic market and one of the world’s largest producers.

Portobello is listed on the Brazilian Stock Exchange and shall continue as a company in the “Novo Mercado” at Bovespa. The stakes in the resulting company will be 80% for Portobello and 20% for Eliane.

Service for ELIANE S/A:

Emerenciano, Baggio e Associados – Advogados

– Partner: Robertson Emerenciano

– Associates: Cassiano Siqueira, Maximilian Alexander Carraresi Schnitzlein, Bernardo Dentzien.

In-House Council

– Fabrício Rafhael dos Santos Bittencourt

Service for Portobello S/A:

Mundie Advogados

– Partner: Rodolpho de O. F. Protasio

– Associates: Patricia F. Nakahara, Mario Fioratti Neto

In-House Council

-Edson Luiz Mees Stringari

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