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Saraiva acquires Siciliano.

Publication: PR Newswire
Publication Date: 06-MAR-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
SAO PAULO, Brazil, March 6 /PRNewswire-FirstCall/ -- Saraiva Group (BOVESPA: SLED4) is pleased to inform that it has successfully acquired 100% of Siciliano S.A.'s ("Siciliano") share capital.

Siciliano, a traditional Brazilian bookstore chain founded in 1928, owns 52 stores and 11 franchisees, being present in 13 of the Brazilian states and also in Brasilia, Brazil's capital.

Siciliano and Saraiva's operations are complementary, with low overlapping in terms of stores and a high level of synergy. Siciliano stores are located in important commercial areas where Saraiva does not have a significant penetration.

The investment planned by Saraiva in Siciliano's operations may significantly improve its operating performance and represents important gains to Saraiva's shareholders. The table below provides a comparison between Saraiva and Siciliano's key performance indicators:

Indicator Saraiva Siciliano (1) Gross Sales per m2 (12 months ended Dec....

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