ࡱ> M  bjbj==WWol8, 8R~XXXXXvvv$ JvPT"vvXX vXXv|4XL ]"0R:: AOS VILLARES S.A. CNPJ 60.664.810/0001-74 NIRE 35.3.0001089-2 Companhia Aberta FATO RELEVANTE Aos Villares S.A., em atendimento ao disposto na Instruo CVM 358/02, comunica aos seus acionistas e aos investidores que, nesta data, na Espanha, Industrias Frricas del Norte Inversiones, S.L. assinou um contrato de compra e venda tendo por objeto a alienao de 100% das aes de Corporacin Sidenor, S.A., empresa holding espanhola que por sua vez detm indiretamente 58,44% do capital social de Aos Villares S.A. O contrato de compra e venda prev que as aes de Corporacin Sidenor, S.A. sero adquiridas pelas empresas abaixo, na seguinte proporo: (i) 20% por uma empresa holding espanhola formada pelos principais executivos da atual administrao do Grupo Sidenor; (ii) 40% por uma empresa holding espanhola pertencente ao Grupo Santander; e (iii) 40% por uma holding hngara pertencente ao Grupo Gerdau. O contrato ser submetido s autoridades reguladoras competentes. A Corporacin Sidenor, S.A. possui duas subsidirias: (i) Sidenor Industrial, S.L., empresa industrial do Grupo Sidenor na Espanha, controladora da Forjanor, S.L. e (ii) Sidenor Internacional, S.L., empresa holding tambm sediada na Espanha que a principal acionista de Aos Villares e que concentra os investimentos internacionais de Sidenor. A operao no resultar em mudana significativa na administrao de Aos Villares, cujos negcios continuaro a ser conduzidos de forma independente em relao aos novos acionistas. Os compradores de Corporacin Sidenor, atravs de Sidenor Internacional, apresentaro CVM pedido de registro de oferta pblica de aquisio de aes por alienao de controle sem manifestar inteno de fechamento de capital, nos termos da Instruo CVM 361/02. So Paulo, 15 de novembro de 2005. Alexandre J. Guerra de Castro Monteiro Diretor de Relaes com Investidores  Av. Maria Coelho Aguiar, n. 215 - Bloco A - 5 andar CEP 05804-900 - Jardim So Lus So Paulo SP Telefone: 0xx11 3748.9000 - Fax.: 0xx11 3748.9320 Sb n o p r    5CJOJQJjUmHnHu CJOJQJOJQJ 5OJQJ5CJOJQJ56 ,@QRSbcde  ; < ! " # J $a$$a$o  J o q r      $a$ C"L^L` /0&P P. A!"#$n%nSF9M6W >JFIFJJC     C   6" }!1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz w!1AQaq"2B #3Rbr $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ?S('*t)g )w(ܰHrYgʨ:euo=l,؅v#~!ch7.K(wQqհ=/~ؾ$hzm)U_b3ׁ+#I#9%rOze~'qa|X+|,J|w;][_xRLpcl?jŏYMYfC%C1R7\i_OϰWycB #ڼ3YFSkMzܸg[DRрՕ޼OxCƒAmq$ P!f#7K6\Z&mt3}q؊7?.xN̙gr_eeKo~SpFc\I?sJ+3Akү_->t>ƴ8Ԋ?=e 8YEUQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQMy5ffI)7mX#M|`o}tm*}N9 NBf#RZ9oD,P>WWfͱ~nXdӷ%g'lQE|EPEPEP/U/汻Mm!`׹>-H|7|Õp-Mc5V:k͝7v 4F ~qTR^_^3/xn~Og,IK^Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@p_ᯄ%]F6pU" s+!IAFU O=?+ͪʎ_^wQ[(⟥+`JEP0(((((GOZC5Yta|?rG8kZ %h*b V^ꏪc\[NLz^>>>9b/6Z m2M~ ֫vyGwOeu 5 =_emZ﴿3\πp8烓.?Ow Qo?V#Ht%coaj%'':V.sp$ღyʾZ7#~xԑ=pP<5x}Cj6!V 2)S#+ٗQw 3‡؋eo)?gҰqҖBS?>._z'sjD,'ȯsieυu$!+"wIzkq=G>.㬷+ޔv>sI_$r>h$`@ٯVhӒ}S?;J ub%ѫ?֦AEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPyĚ^y)w3%c`Ft_/t:VlC$$cݿ? ƾ05LHlvo;P`dwa[(uW˰T1qefv9;'ڏVs֖+}_%τJ,ݤo\1˯}}IkX<?WBRjeNގ4(\ &Mzr}@atwwY$ฉIUPA_14_~̰y9Tדz̊;\'QEQEQEQEKku=W6mqXXCA_HSxLpؑRel|6O9j?hᯭ_Ecq8l}Q[4Nn#aqYuz(M;jM?SaҖRQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEy#fIc,'L$ѹ?([iS&5tcK9}0@ȯAK?eSqwa<8]E~yxGŚEm37B#Â>`k|3IP5xNeо)t  c/Uwh*$GX5lWC-EWIQEQEIO? |1բgn5 qGӡ uVRAӭ(Sj5ѓTϏ{:Y—VW  pKZ}ZkzeΛ8$:hq0Ǟkǂ0x'N]~q; hcbGw̢eτo;6޻I[yk Xɫw[CBǎW f9mZwKU~q6WZ4joGQA8b(>(`QEG }n?Z ٣KwO-zOp;^+Ig–RAQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQE#}_]@|o2G |cKU+ʞ.#. afghU6gN}JQnx\/}cud,#:nIܟs'QֿfS.l4{t~d8 ba-k;Kluoto&{wۂ8WG5_~VCgMIףOw⾆?c8*&ՋFh(((MIHC0AEIE <{C,9,.,>hO'?<\񧄠(uDbӷ4s=8]klfn5Y esp>84jsts}?/7F*jgZ/ |Ee4Kw:p@$ 98tdk UNlqP=~oS89bIc(OE|BuɥS-#/lH9 Qgb{O}|=5v_5>B.Oִyݴ]' oLH\C9]jptEKџ4qPU(MJ/w%Mi-na` t# 9c{k_} &``w* |FI*+j8t~c0pYy1tԼG>7ujjj!w=b}LCdWpzG>[T_"mV?2J7-?</K_3+< ]xgk/bB4[nd Wq-KXm.#w$иtap /a3j)~5?+eܲ|Ng&ZtH(((QI(/_Ε{?juo;}Fzq_>:f'$_3I u]q>|~QձTSvW.l%W-[s` ٜDO-},ΌX\+N>b4Bȹer2Ɍ o'+|˂KxQm=no:x l.6(I)GkyߊZEQEQERy/1s[[m&]A$Vy t^\77O?E?'1}E_ -63 }2 N:~ާ7O?=keI>{{s%%Yȭryv(8fOٟX.y$-Q^yQ@5nZ=ܥepFY +&֠Ew 9Ʉvz?([DYVQַ:!F?/˰rrq{e6 \GY{~x;V~8=eKV`` 8'k/'C_J7ub~\HdGX_F<5ye}hB$Š)8w1GRN0+T5wOqfn滼b5gbS_~P77{gO($d& *" |NU^뗀V)858*8_WN))"x"a[/~K<$p>yoH}Kǽp i$/>v_^]Z=3U注dgxȯa$K"!kߞGaZ">~kNT)y&ϵ<;I^{Ӯ}6FNbǧz_|XAs_yk+™bS2FNx`߅+[gxA;$&9R@22U&όh+ssk+v_9r['2v_'p#)\ hDWfMa<8f9Uޜ}*admn"3|Ҋi%-tWO,H,{yϵ{9X?b_)Ku3as{o (/:eaJm]=\0ӝZI'eoMEc3_<}{Z^..as-'MaG]SdT[$ '!|J%u_oԮ潝C$]MP))4|eg9VӠ6MyaġT s׭vaԭq,i\57zL l10NI)~J!:k[Q\PUM[Vд˽GP{*E)ff'V;~Oz@ܦpxYkƄ:ë8q`J~}Kty. i:dr{P4y=|z⽯m'ς4h~w^ "vF  ÂzWOc:mɼA;P^]V($UYA=dyOr* 7^d|v'VI+=YQEܘ^6|Ay \lg *Ē`ּ{yf𚟗Jo4۶ad%\| v,$ܚ,$aZ.>/9Ϋ؅JSVj3Ɠ|x4 @#OP3_~ nZh>}OY{HnX0Ǔֶ|gc?-_ j5jqG=s^̸o.9U|ϥfku~{/}Elm|ycm9R۵('NM{5wq$Ȳ"I+Ђ:N1O?]^W\K(-728ȃ+90?yHn Æ Nm3/gZIW?Q++|9ؼgZ9q@#cbyC^[QqghE,cY!ѣ?|SaT&Vm\, A&ض'+pNtV OWQmre,Up^K#W؏gNs'ao"KݟI4-J#Aᧆ? xzgVm,d>fXL_9ʤC'5kx@ӵ.f5 xfx3$N 28 Vլ-:QOC,WRqD31ksW oga Sm&8#Bz*=~Y_h]]?do2YhLQd`s&eEl\i.f9,*2~pמ&CZD2FW+k1]q:+By[;m=N. ~|#t|!a,pĤ]2q 4LM& ik6wĄ 'm$< ՑeQ*neGfiC+~1|bWנnc'lrf%AkOê\kl mbKD倏#۱wO.hZwkM/rq$q5YSO,]9KL5)*U߶GΙGMjw`ȸ7U>0'qFzI2}vG헬gi  B~u󧲷_% -=wּ3)RF ~0x>!#nC3uz6G~op5)x 喫~ZS_lV?<<_Mqe5b^GHW7nB x_Wִ۝.U.c+Ta2 ;'eKWG9vw]{P^bS8̇n=GXNRS5RdסKMҭ(I߶z:(Hės򛷮A_AxGm Ƈ[jD$y tʳjw=WsY]rcu0 Oxj8#?hk~mpMҗm=W+/~$aKmz@2o8RG־}?eMX}RO_ęndiTKGO3.2Zu_>4Rdzӟ*QEQEQEQEQEQEQE-!@?T?k *sWwώ="[FEvPgy  >>)|/ׇm ޥwS<;䑿z ?gzWxzDwi? BrpA8 U\ܒO4hU(ZNZYLYkVSҚjヒDo|%_&m_vQs$19,I@0(RNswos4d<= 㿁<=/l\g8YG8+2:?? =|/$wrԺ'dX NTᔁ^)N:O8T|Gaӵ_/x8~d`>@a`.I~ʫ>k;>֒Wo<{ $??O}:W?O ^ <=M_MaC SXpApkaҸ3)c.4\p%_(¸_45_jd1}u98́,xS]`:+sx4=uh# O~<.7=H@ $*>0_i'[?Yp+?۫gU_1mR wn|4<`1>G]孩 e$t7ss5ķ+YXĞI$&s-&oU^1y882 IO#rIby^5~: ow{ jzL(s<x /Mu]>H-ydf u$1_߳k <7n=ΣxܿoQE3?mݟ'eS}7r=T:u Ht 7!ܞ;('9T~FT`Wc^>@eL,@ ܖ3ٔǡ߳%o?;mW} :u]?a5^}W㽏]85kM启&n2sp ȏxYCZ})Y'EQ*(cߵ9~7|\&7~I9_d#9|0~OYT]y]Ӄ#7<W*Ӽ=ڵ櫨J!!RTǀҿWfOnWp]ksD=bv'<8 o^uF-rUʏ:`{|# ^9+A`#cާbk;Ilh X?$gS}}^_wRb QYT`Y3_W6"x*wv~'ІR6}=~_pb[ˈI#`y$=yn5Np2E b%b#=e1S6jo뫟{\hKPԚa)oe>x1Io@N+2ீ>HXm#ԯO"啈dI qa ~ MEI|Ɇ$X6;z? Ar4*yE4E]Ө ynp<2 `AjEl&? -?bj* SOCg|h:d|Oőkh-GB/#u8!M~WxB.U]7ikm ^G`@ 'Lj\C m Uaww*\, &9n 08†<~doy/_|."Sϳ/c/ng< c,~6˨ɢX]jʭ+*!%Nq_fRHC|ʃM~EʝXVT[^q/%)1סkIVM{y2[ $v rIܯf~t 6v젱r"Qs1uFBY-tۃN1c(U^W׽jtE8VT}wP3G}YTQPm"$|c 'En4KgHDQ^N59=a+V]h}N"-:tIC4G9_!w ?SӮW7Uq媑n:t0;}~g%aB'Wij3᧊AlVw}7FhwP}Q]e|x<56k6Im67ndO^vIui~'aU} 7^ &35sCv $ ^?O?,s<`B@dX*ѝWSr?RuFM/zh#A ,qƣTTQ_]KDQHj恜X3GkZV\Up>HQ}WďjqxXpERJ:$kvA+( ω֋).tN*7W1XW'I #~+!;yf8%k\y_dpYky'c^#?>'6r>/}}Ver4=.{q}RYO_fbm2d!lz3^=x#^&3::hf6}?0{HcߊQO N G FHJ(d#;~UNG |1Oב䣫Or`7*s|~t?styA0*k'⾨}Ÿ]yhO<4LtIJ17c7_}G Y#yb0 G/jv|Ki?wa*K[F~${|O z(K;#E,~kJggoسē_ toZg%q]kREumߩGկ'S_~wuJE~%6kA'O@N~x_7Ṿ#Hӭ1Ī_[۞ucB(wwe}+έi$k>|Em}WLJ\şχZfmx6w[C++@9$,~kOǏm!`E|鞕̨bQc?Dl%yQSgG1Ⱦj\1dY iWJhy>;|Ey$_=Ew vp9*?Z/:tz?֕leJgׁtz5M"%H&L#f$=Z~',|WOEԠN[Iisq'R3ۂkoCWIú1[d7>UłgzFv 㷃8oxSTFj|FaY  *c_9f/Qԩ]a1*z;[Z5~rx.$LoD*7r3FsK^~/[Swv0tp4eC~u%m"LwWn鿴l%2NY!L(Xd?>>*dxfN?}oqpo\׽f4#C#;G޻UB22d~w Yzla?~ލbps_ug~1]O8!yn+tcIu_=ϱIR'EPEPY4ijPJ0NzZtTN\dpJuG~64]I jSiEyR[_>࿋>Wӌ г̐oOLuFy+s˱ʊr}Vvu˸4]%sOi7>&xXO>s@ ^_?dx]'dOX'6]0,yF>+g-LhN^oxm#(nL⦻[kdUPAj5F}qS=?O< $Qiˀm523 ܧTgk/ d o ^>v-iy@h Z,эNx.{˄>I>;{X- rKV 9#wyhZֈN^َ$r32y^_$p.ң Pb>NI$'ZG.L*^z3>pM .K&ϨKXցk!uڔ`@0+iԅX)Ӓi[ԧ:RpkыE&ikB((((=(o>*(Tw.mqow{Vaddd9\7iZ_Eygs 9QU#GZ g}o?(lVXx CQqHy%H$w륓F[K^N뺻a*ZmYv_?KFr)sN}בiu-<3,h$W.n#(K3¨O`+/7kkDu5mjni9? N:ohO_,jfU4_xeO.-d]q~?#GmE|BdLnxSQ]/UZrְUvQ 2:_etT]k#0aR~;+vgς_c/xF&F r2y^ӳ#F#\おn?mO֛ua{?YDO V86e?A"F¤q2MK'8ᱳ,+iV?1h4oxV)#hgSLcQ]6nJJLER?u+j]Nn|{Q*_r=>!{726׿/$KgVs ƊOU81I|zE Só3M s|?s(,W1MCQE|^qEx|`;YQw8HWׁ~݌WY?˟OzAURrKG6n-j(AJN8'Ԧ/gR_jϜmHO5j1oTW4~~Ξo_|Xn-)Gq!2̹H{^H -~VRU%w(TiƜvJHqf|E  h:N-:K4RpVi9;-$SmxuύnǝF:Eq+4Wɠf>> ^V.o(Ş*gdkL\-:tcZToON*g <;4m(_Ymʂ}HFO 0 r=7Zzۉ5Jg|ʍ?{\Ѧ.s1>'yM^=>jzmiS8 YZ)baHAS5s?P׉}&9>S m0!1  9w_@3[~>XhuUVǘdnU8P{Vy+9{M驦K~Mz~/"RG(xi~!;_G}` 4 g<.@m׏ IH>kQD6,,D>4wڿ1+r/o ek?>fx];׈4ii?h3oij(ٴzAxuXRUG[m9vL8 a|~+h1{6SM[D}bI]ǡ:վ&xU>(Tԧ3Lcݱ $"(@Qɨٯē7.jeTkgO7&XzSuޢng*s ؿv>K[M2;[kt#*<5R 펡jaFP7Eʃ "A`=3ĸy}G,Nkߖ˲> xK_'ËW&PF=XkʾY"дk,gpn ۉk #rk ul£]4n0|%ߊmRdl>F;<g1_+7/6 Q:ί=2.7cxk~9xɾ!;{?KKgyB!Y ƿ8$Y⻨6O!'o"w/ ew1I&w\0PYi N:V߁3'S|X Eo&8WڟL? f\>C` +.u{YbXeuY`Av 'b?*/[>0fƊ(D=+?kp| Wyqo.% 9F؇ 8 {>i67kimM40TeO~5~?/5çD e[[%Adlv@,-y&^u~}ye =hχg}+DOqZ@ ,wp2ܞҾ0mk..gJNw*UD8mk_>ψt>m2spk!u qpIjQ~D AQ p{w_ck4%0H獏]O xwToeZw;"8лw)SӷcuRktj/C?w/6C?k*ۖ`?گ#zΫwڝq}{;J^GbOԓOд[kzv`mvGtT~dW)={E%#xY6w^>#xG WZ/fl"]Ip1ӊgQ,]ny_,; bzy$MMhW5SAi2YD0Icb2TGj)ҥJ)9ku'VV,b"p7p? i.簵;ɀo 08lӸ _tO~t"?.hKyf$XXI$漻>'oz^\}]Ә隔IcԼlH8{u~?qxΖ)/e?_ʰXL=[ %o;s{jj,,HGҿ bOSɯ/)λk h^_k0pc }s<|_jܯ<'S4>sU>K=}7_R9|3c7@Mno  )xI :l4ֱ3,v#:|'3˲f=˫[_cAc6{in&lIvWQ >aM2G!,ba 1fڊbIM|kG1ê1eYC)imΏ(w_tY<={'n8TBGDۏ\xE~ZC}o$$H)u=A'6⇽վ77U^؁Tg'Tt2!Np-f?RIb0V _߇"׼9\hW6탎OVr1V 7'MxJI#G. Ƚe]Ouf{:𾒋|(OdMO*OdOŨC&)31G2J<_L}R&RVmΆDGפ\0L~sp _>J:ѯBV1J82#n][ki1Y\)9VSZEYMxGpHHGlc#px/G48u]n_ YzqFE3i/v?.ØRoݗ?ϡQHM-}YAEPEPEPM+HZuLJ|}l!4/v$m9?-RI&\]pE>s-! `3%M9wZ?~gTժz^F]iH &$s >°kQ,{9-/aaḌH=<O~Yi<;tu">u9n}sMgλ=߳paM4u_v>17K,?h2y`#r~s05="/a1lŸTR|˺NyiqlҴn2p{f z]49x3XW],Jj>]>l'f._Z>9xK2 ]Au"3r^_`c8rOs^GkHSYm}I:3 vU_q6gH7aٵ>} ocN {]o2M $Vd{+as{L5E%nqv/-p~{?G2z( ( ( CKE~|Q׼CrA__Y_^r)Z2\ 1㫮 N@Ve*pkN:?-OǸJxJVk>?k]+ᇋH^8Desߛ m+1 6X'ۻ_29 |xL;TJ8j0u:򜖅<4e<.? 截_xwBE~{j_[U[Enn24&6C_G/)^e5K1?8 k_*U9&~Y~5hAE6~vV6Vе 7{1b<8o 񯌼*W-N"_'/}9^%Zx;_c_mNO1y68dD`'߇__>U`C$FeVeFA?|MWZ줉%A.!SYz;yoe_Q^NG =cRo&̽;E9ٸRB}#؄ua9+89|xVc^YxD#.00z9+>ɪ{s%f")`c*U#8E,s2p2kfi`>ܛs +?y7O(ğYj65+sX}dWfۓ<Ƭv}m^!|މ?BA^񝗄iw/tVWm#@vÚ<?3%F{X۾Ye(x%SǧZ>\|`t۽PKX֥=ó){s4̄ʯ_2O#VYN"iOJ/6ԕXr/Kj~ yunkym/qm*VS0+oM} [<1{9Q>i(,N>\|x<C_`tZoGp*U~+w%K;XnYAa؂;VkStShXgnXfR K3|9;sȶ۟_b m4~N դY˪}ϰW?P?rTbXBُrrg y_(_>"i:G,Np\_0Bʿ}NM{6A:5#yx9 .wxsg>>|GsG}-EΩ2~Ku8=>E*"w:!En1oT*OC n6;JqY[{v:ᅃAޣ82lxթ|}kK!&ȭ&!3GoU c=1xKEeuAsf\2ҡgYKo]1RË&IdD5RvvCi#|SG>xËi-֓A)bbr9dʣ%[Sgo F㤒f#?w7mvu'| )>N:0_?ROAr~6cևxs_<~П?hu`4;+lw,A ҳ2 9< &_&Ew_>K 8S|ͫZG<)G~&4&Z[[7; t i#2޺k tG;UUrqx1v3=EC}?BU ҟ\? ◫#w8O ?O~"b׭|SkՌP.!eKf^jj&ɪ],7RdKP5pI+ӵz\)Bε_D7g׺Kտg?f aXSԱYΐOF6ۿ\>)v閝>tܻӅ:-+;ў&GP˪NdՕa`:nșn/6 |h {W =㟋5^ih:6yz ݕYIX/FSG.2H8aII]ݿ8 mmP5|-H]z>#mhCH.+?_ .3V|)n{M Z!g U;rrq޵wfTnwuس1y$_'H|6:,c»/5 ^\iknߕi]^݉eUgҼq_^Ltm~5hB1 ~Hw+:w,*U$2ʴ⬓(hxu> ̗ %΋ DV ?;z77~ywdʳKfDywG[w_|lӔ0T9be]/;jnz3N|/ j_-ϻmm~hc^!xb~~F#>:} k}7kߴ}SKE_f o틂 ʧVWX<ҋe_Q/*a6U/"ڒ &%5w>_Κ6q/oXى:lOO¼g'4/ lkqZO_>~|U?|=,&xͤ3 7s\g? 85C]8ޗom_g<w[-⟵ǻZ\vwZvv1˻:+Џzωߴ7}*>=֟I{k;XJ$2cA1Ců% : .g c gnTc黟*JU0|9cuD8O>Y⣈Ӽڭ<_+;MoqLx~5ًXXl$x3]"T|tPExմ0iѺZY~0X,G055~ i{Y2i))B״7g PizԿa+BeW zS+SC? ͼ?SMGOW`9&u탣Fm.̶x#ի4n^K: YR{yVDo+ịͅz6?)esqнE 9TB(((Z(BiM7Z+^ Q}ՆWUppꝏ!k6 ^m}m\/=![ׄjEvֺƟtz n>_DfSm֢\mu80C<`yv08: 2|-{/g.XO>aOiI=Oz+~ǺMr\VOK=NݸqۭRX]Dڿ1x1.Sj|~.[Z4*Z-g&Fz^.V6G_i1ɶ`v2 #gWW[5yk&(f8wo~+Nͣ>NWSIzQm~'ԴO䐢(((:!i>/{iXkZL10@rrgo58WU*v;KEҪf~ qzW ~ Dž}fΐH8r?pҿgc)cԞT3fUj ߡϥ~~_-32nJҥlU3rJd~ğh{w$KiHț.eC۱);˷P=3L3}CؼJ _(֖+O78> kNX- &*ffž: 2t +źN?.u-uJPnN|([kj+קciRTiԴR*e8*in uWz_2~߱h|ycC}OOkoߴ ,n ??w=+h9jX~ʴoT_ximFn<ϲF}qka|MqеhM?졌.sP ;q1_WQ^LZ:OG#ϧhT;5W9㯇۝ E X7pC ]2FI8yԢN1jJ< ϋjz= ֺQ,""YBUAb'b44xcf1T(-5UFwDItf#!cO; `X+/|[tm\xG$E<;Ҡb1?eR˲ ߇08gw~z#;x8XE tvZ+=X;j/1h d>ڂTee||8 ~2U=JЎdԣ@}6GҿGasn*Sd,\CWh~d?~@mwJws½kL-Z_xTdH-cO+3?{FANAՏ/=G=.;_նr[FG4K]c+#?4rܟ< R_=)JrrgB+$QEIaEP_|Auh~%3xMZA)nrǽ}EvaqRs.Vx dT+Ǚ-z̿=׊eפ%5YȑnrPF~Ꮶk>Όl5忴WC𝯉k>$yo;שYҩ*3U ֭֨(V={L]hÍCǗsz =!_:.t> \=eVM)KyxH3q_tQ^s_,.[R_ _"|qG\hͩOGb8# z^zaquSu(JͫtOK^7In?%֎L>e!tbd?ʶ"ax F_k&>fA~?:2{{/<Ցe]~/χ: ǺqؤORx |k 5B_DWٻی=JvO<%WGk#TyO[P'ioF`)giL6s9m?I.~"+äݔW63Oo#1swF|W/%zcAQ~5Iqi.®?ZByw_{3˯%n%]y?J?<9#FN%=M,F'acFs\WQ,0NU6E@<nO7gó.SYH,yHb*J~(UFEp؜m>km# xrQ\y' +'_aх>yW5M|||?%kSix-# ]ͱjj*YV0XZwWg?|x?ͪEI,a4x2ߒ6?0|o GZezQ+;i<Q?PQR\c~VpUT]q_%ZФ~7RJH˟]Gcg/xE=呱?}DEv$&4L`ҴU؊nZED04**KZJ{KthUܮ0TҾ K}0꒻|A+uL4n!O8++ ๖|o`0 [Pb/(,|{k'jh&>>Cn_pF_C[ͱ:uu|(8,ebg_xzlFmMc.r`[u zž 5$Rrd=s$rk+O>5˽w?5&GI?/l ҷ5@?U?w Cl\ $FU8S}~m=(zk̾y_~WLRC?AXZdS_YkšGtk}'Cӭ6b+[HqzܒO&=6 V?A;BdkV.^vp+1WիO>,ndPAA؊𳬲9 xwo٭ɟAfɱGK^>Vό<%W.wlw{:G#"9ћQY?)UzqM2WOɅQYQ@n~ sOX+e9VǢV))ӓMuZTN:Rϣb- 4bdrSϦl Ὲnzw< Q 1_U=Λu՝wqqo!H,#Ҿ-~s._🺟|= Q|Cګ~uI˜nc@ȫ%gۭ}"z,_%[a_eMfV'.?4\*SQ|=Jbɑ3Nϑ((((#5ŬWP ѤȥZ9r<A*j)4w5<ⴚK[&/>Pf#NHP ;q:xS2Cha;< NFIm-mp_^1185N~$Pr$ikdմ{E-%-})!EPEPHN-!@ MyďW#`HȚ+d F'zkcJn 9[O=j uN7ܮm$ P$Reu#x ҾT^ Ӿ6OhOgፌQ.xϘt`˅?*m@/I(B94\>{{=X+;rfU &)|YсQ;_>i?#_/4Jɝt.?@n/OE'z?-O?e_|wQ;_>i?#_/4ҩ@>aK}qFB9_G!| /GJɇ]/ =uÿ CQ=rI(: S&t.?@n/OE'z?-O?e_|wW|~|}^5=/VԢ+\^)Ī g'z? CQ=iO6Njk R]T?3:Epxvzo?@?wH@}+eyYگC, mx:IU5yB 6>aQV>O!_| /G/OE3[,ϑPx[o8Jv%ne!FzBN0do x'r>i?#_/41'QխɟSZj,U$wQ;_>i?#_/4Nɝ?t.?@n/OE'z?-O?e_|wQ;_>i?#_/4ө@>aK}qFB9_G!| /GJɇ]/ =uÿ CQ=rI(* S&t.?@n/OE'z?-O?e_|wQ;_>i?#_/4ө@>aK}qFB9_G!| /GNɇ]/ =uÿ CQ=rI(: S&t.?@n/OE'z?-O?e_|wQ;_>i?#_/4ө@>aK}qFB9_G!| /GNɇ]/ =uÿ CQ=rI(: S&t.?@n/OE'z?-O?e_|wQ;_>i?#_/4ө@>aK}qFB9_G!| /GJɇ]/ =uÿ CQ=rI(* S&t.?@n/OE'z?-O?e_|wQ;_>i?#_/4ө@>aK}qFB9_G!| /GNɇ]/ =uÿ CQ=rI(: S&t.?@n/OE'z?-O?e_|wQ;_>i?#_/4ө@>aK}qFB9_G!| /GNɇ]/ =uÿ CQ=rI(: S&t.?@n/OE'z?-O?e_|wQ;_>i?#_/4ҩ@>aK}qFB9_G!| /GJɇ]/ =uÿ CQ=rI(* S&t.?@n/OE'z?-O?e_|wQ;_>i?#_/4ө@>aK}qFB9_G!| /GNɇ]/ =5(9V~ ؗq5ǎ0.eHP?{bghZbe5)Bm},p4V3O[+<;o#]Ƒx3iFO'zigdhfF*ѸAA+=[@IcoIC i\7,z~n?R)Yk5u/_|YE>X6d%^9)A{vW83 4QEQEQE`(k&;-f[(&y2~w]>"V^HL度Obھ9.L->h υr7:|j:?G?O,5+]R+;n]GUk Ig$h݇B[ {ß 9!񍐖<ҰL6sDJ<~q1Kg䙟f4aZ-%u?exC/zؒ>އ P+ZuNIj*Sub%ѫ1QEjfQEQEQEQEQEQEZ(1F=c\|{|<ФuesQr T:lҝ9֚N-S}h,oRy  n\s5CΜJ.2>ިYJ2Mwg@N;ۇ-/O=nK-6[hG9d'V={&@|Mqx-vc3PxיW2ܓ+7{w=z\TGm[VHhFd@ZƿWe[")??_r8?-|Đ%|v&܃<e_q*b4Q(Ć8+ va+>ICͭ>Ŋ\ 8/_~=T}f^mu PI)U]/|-[b>}éMԾT)4f&59$ ^iO9.koi?u_w?J:6nd!o yXԕ@}`ahӗ4CV?-שX+9~V}?44k?F zś9u?SrjO*_z# h)#$:sHpF<DNe2neKkXz1U/a-!. nWR2Ƭ&>hǽEu:A,0HK3u55 [ˉ-@֖J"<(%303_;lCۦk[}6KؼKmo~>H;D}^FT.ـdu'c+X@2$׶G*UOS{WF󽕺#c8 ~־ӄ2?5ǨD,OZc㯏5/uH J-G|zgei8RG.10I{'ozOaM?C4/^<-KY5 ~ԍ߼ݎF y"єWqԫOL Z1_? H 9[{ NzH'Аq־:> +y4~{帬/џ_xzگ|<(!B ΧWIG[˱SԄk>efHc( 2v4ggV$6qջڃ=HwL7PocU#\1㜵J_%5Q'1^O+_๶Ol´$T? G8s^:W`t1c{3fؘ;ǽ11F=hǽcޖL{яzZ(1F=hPQzZ((ǽ-c@ F=-cޖJ1KE%{@ z1KE&=ǽ-Pcތ{@ z1KE&=ǽ-Pcތ{@ -QESH"ҼAF6}%|x{+x_Uf&XazzÆq `Ʋ{G0dT㸯xRi B/_?5?B/eJ]}<dwM5ݵ9rnzIy9-xmݤS[]A%,RHBЃ>;,SqvmiL%E/.nh\(((( A( :f{ݭޛyqavV# cyV+mhi\  'G,e槆?U<~Uዤ_yeRu}R'xN\Wd?~]9p+ƞV&mv6Z6岾)M˸i }=?L3Ue?_3𯇿|Pkha0$ǯ5Wj[M(d' B7ss)/_3v[j{<]7{?=Q^Q@Q@Q@Q@Q@+[w>'[ NI *7y=¯\eqҿ<6Ssϊ-.fK`%>j'U ~mu*N0\t?P)fU%?COI6lgOvx[=d*x?)r@} Ƒ"ƫ ^~a`GIG>X _DlNz_#\Gʩ<6&ߙo]mg|-}k WT_'ymY}yŌ>isEFRmd\+.%NG+bOT|+|TMGmՋ2[l:@uG~xdegY|#l{f?~ۖWk_CLG.7koSU^uRmm̗M]פ׾0,IzG6^O_T~ŚĚ۪0Xr>dڻga;7ߙ'G/+ritz~W=5YJyVr}\#jTɪ^GnCv.d$(kҾ^Oo 5q-k9[m#23ou 8/ll-<Ï2VNq;rcGU{yg>O}NIVE11R}_> aC*y{51g UegO=C^ojZ|wp 8 H rFs`D>1GcŒHi'3Fʿ?θ )ʄT\[owqXXb$4ޯUvE~Ǟ7%OR7myI$+տjKbN02dl#*G}쩥ͨ|f爍6Hu(cWghxCRmnIv \>Gx]JQ5Jr;/_V~ʟ -sڮr\^۽Lj2ϼ|^cՎi8VTi`bıI$|gXccNۧ}` +\۴ -!#nMF5_ |5寛h۰ωv~61Z>2El$_N: :wGY(Q8P|@ز)upl髹rm{s )2SWevkjN3">,=Sx9$X$;#?­rC\ѴɵfK*WEv`Ċ>n?vݶ;zGBSqQTۚ?iⰘ e+I]l'S6o^❼b#C)1޸F8p;z0uG~]G}50|t[ok 46ir6Ld!cq  q˱oFuv̸ˆ=i^q]i5F{Qj0pWew?|5Gg(QPƾP\MOK?mxkѾfI%\Ǿ4w v3Ai+F$AIۭ| ĝfKf&H؈`_D\pOS?kϪxqJgƲʁDuq^\-bgu rp&)=$Fyn| pGq_x;KI7eqWzDiEj('"^e곀_\Irv,@Mo)Fzޯo=՝4U+9} A{WV 3ujќe> nQ4#y%VY<)ሼ6Ycea+|ЂѨ ~xǻoֽg'sM.k>p}Tp @o&ׅkuc2BLz(8ͼ9S\e3_\7e||2*3[B2?GE9X((((x|- Iwz(Nޭʷ~+ZUP)8;֡KNT5t}KŊ@107rԼd9} h3z.oLT̽T0S_]iQY]Mguu>؊-\f(b}g8Su0rR~?O-|]1%Ȋy b'W3WHnk _\)ܩ ds~_4i?.#<ӆNh}W#t>\(((qklZŞnPb+чQ;[+q\g=*_)lt-uR@ (Ԃ9uڪ~_Qҵ-VKOx+,GfX F9ғjzS^a,R{u/eH xM: :eI\.Aa_^$n:Kb >18QՉ&>'x@5h~mw>b(,?B}+p9[𳳓/{.َn d/ֻGѾ}e/jV4{h'xI1E~km=5p>k~U 4W>4d[݉$d`9GJڛ^ ӠYNw|a'4? ꌫe,]=_vhf|aRQ%u9%<8}7xpwBx{#/W1d'{_ HFHB$ ) iZ\,dKH.O[p[K Daha*~!774U+YsW =JU8ㆵ'>-xUaG?ٟ1+]OZMY^Cӳ8VbOϥ|nsYY;#* -Ks?͟V8~y/mmbl|2se$/|!vۻ?4|#r'4eײG__E/ \EmpOv)<@|GwSHv#X9&.I\6$2~_-M;Hŝgq'~\WFV[imvߛKWm!渼ֲ%7(k+I_񖃥̥὿@3^EVBkq2|7Oy=Ӯ1+ρ:ދωn^%i7s*s M}`ߵTa %K+Ls増-g.4ON^r:sY7ëȋGI!p~O.HIl`}G[ox- AuãӭHEp:ua^)g~N dTN=sJ~'Wm/vzt>C(8 ̜ۋm%]ui_A"wVc2"زϭ} i/tNnl12G)=A_ωYG]#N?6gE~Ƶ)e2a⢧$]'nnIfgS \dڎklΕ"zS^Y?o 4QK&8".mʪGτg'ªMҶzq]47w t[< '++^/ Xg%xkgpWUKOWkE=D*#Hꨥ݈UU,Iw57fG[yWL J=4|bw-~r~a:|?ָ?u31fjA K /pV8[ȨʲʙFU rQOz_տԬ78liɮkoD#Prjn?"seL|ʖ O5]@U }cBcҤWL6[d@DKf>NUS5R=/|Ͼγy=*u5wq}(Na8AN|T$(d<I ea}+)xY6Wd[_+c$~p8k2Y^cU2_ɞO6Z>|1Kқ # *yt"_;ˡEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPLqiP?>!$e??8l5W?e?xR.crV)r'Y$x诖̸o/*GGg|OV*Yj]Wɟ-C T_<|@Yn4CJ:`Յ~_V7 y_'?\81qtx/[^(fkW:d͝uald}z(g|ZS7 =ET%$tQEdlQEQEQEG }n?Z ٣KwO-zOp;^+Ig–RAQEQE-^v F4믐zF998lr N2,$WM3 9J2L3p1"ek.8|C/sGQTM{oONѧPmkHC-EAWѴU`x?,TskKf:q?An$Q"(D_r-7ukKKaˆ6',89,,Qrx^=z* ҕ,3vkvD+;ث^*%e;sFw=ws#M3}~gbK&LX pNY&ܵ_}Lx6QQ_$|= Ȱ[~~(S4|rIJkZ*YLړXʯ5#h1xex9j4Jو|Mۈ_}>& AAy/Ϲxv'0qUߛ|G⦗4#R6Ȳ kWɃL>`{ ^#Sx+;~&7$*XUI_Gɞ?{ G2oW4W]=7G `YD(g.=Ҹ?uViǧnE@P  pq־9^ܕ8wo3å98V;%G?uU\I$r6;nzWaᆥY=b'M݅yǿ|Qe131 zb𴱴%+^} MiE]Soه5̱٢rJom!<{WݖX@8!cDQOExFEy仞si%{Y5iZVkr%A9 G ǿxOR{Rw =E:E 7rk*+2ɰYRBlkg>Wi9a'dOTWj~}Цo 0=|#l2/, ~_9;|ecgJxkBfڽͦnG 0=vJO 3d{X BqTk诤˸o.dRWGf|OftTَ?h6{&Ѵϴi6vb8(.Bm<ӵ}3Ezy]K4ü5v[OO/<2V*NI4ߪ>"ڤlMoǕ_j[CO kK#bckE Ҷ(?)04<3wvqX0+(]+oV|q'>#]ӣB34"1Ӟ2_S1V0 9}Eyxq5Z\ɫkCqkOMޛ_TyK?h|W|lr>^yƒ޽$t AaƊj*{ϊWxe((((((((((((((((((((((((((((((((yj6[]ͼUz/?w|JA'×D`nY?'5ԕr.aLM5/z=s^[?i~g??g Ə&j2Exܼw`ZA=~ּ |F%ŦXs}:b38YSݗ?US+:V..IҚM%N-|@Y.[?RnS;vkT`t9_ |E-WQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQE i0@0 Normal_HmHsHtHFF Ttulo 1$<@&]5CJOJQJBB Ttulo 2$<@&] CJOJQJLL Ttulo 3$$ h@&^ha$ CJOJQJBB Ttulo 4$$dh@&a$ CJOJQJ@@@ Ttulo 5$$@&a$5CJOJQJ6A@6 Fonte parg. padro2@2 Cabealho  C", @, Rodap  C"RPR Corpo de texto 2$<]a$ CJOJQJHB@"H Corpo de texto$a$56CJOJQJ,@QRSbcde  ;< !"#Joqr0000000H00S0S0S0S0S0S0S0S0S0S0S0S0S0S0S0S0S0S0S@0@0@0@0@0@0  J    t  ,R$9M6W >1@ ( (   C JA2C:\Meus Documentos\AV SD"0( h(( B S  ?fv v4ooosja*\\AVCEFS00\SJA$\CARTAS\carta 003- IVSA.docVillares)\\AVCEFS00\LIGIA$\Modelo de carta col.docVillaresf\\AVCEFS00\PROCESSOS$\CTS\Controladoria_Geral_CTS$\Modelos de doctos\AVSA\Modelo de carta colorido.docbrunozih\\avcefs00\processos$\CTS\Controladoria_Geral_CTS$\Relaes com Investidores\Fato relevante 14.11.05.docbrunozi=C:\DOCUME~1\brunozi\CONFIG~1\Temp\Fato relevante 14.11.05.docbrunozi=C:\DOCUME~1\brunozi\CONFIG~1\Temp\Fato relevante 14.11.05.docbrunozi=C:\DOCUME~1\brunozi\CONFIG~1\Temp\Fato relevante 14.11.05.docbrunozi=C:\DOCUME~1\brunozi\CONFIG~1\Temp\Fato relevante 14.11.05.docbrunozij\\avcefs00\processos$\CTS\Controladoria_Geral_CTS$\Relaes com Investidores\Fato relevante 14.11.2005.docHomegC:\Documents and Settings\Labarca\Meus documentos\Meus arquivos recebidos\Fato_relevante_15.11.2005.docg?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklnopqrstuvwyz{|}~Root Entry F]1Tablem:WordDocumentSummaryInformation(xDocumentSummaryInformation8CompObjoObjectPool]]  FDocumento do Microsoft Word MSWordDocWord.Document.89q