-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AufHd9Qw6lS4sBiFDVRfYxopw7qCHi3FdZnkt4qGF9tm+Un80tPIMgj1eF3Ja2F1 ZbjyIMmgZpha1EJljg22ww== 0000015615-97-000008.txt : 19970529 0000015615-97-000008.hdr.sgml : 19970529 ACCESSION NUMBER: 0000015615-97-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970528 ITEM INFORMATION: Changes in control of registrant FILED AS OF DATE: 19970528 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTEC INC CENTRAL INDEX KEY: 0000015615 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] IRS NUMBER: 591259279 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08106 FILM NUMBER: 97615287 BUSINESS ADDRESS: STREET 1: 3155 NORTWEST 77TH AVE CITY: MIAMI STATE: FL ZIP: 33122 BUSINESS PHONE: 3055991800 MAIL ADDRESS: STREET 1: 3155 NW 77TH AVENUE STREET 2: SUITE 115 CITY: MIAMI STATE: FL ZIP: 33122-1205 FORMER COMPANY: FORMER CONFORMED NAME: BURNUP & SIMS INC DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 14 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported) May 21, 1997 MASTEC, INC. ----------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-3797 59-1259279 ------------------------------------------------------------------------ (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 3155 N.W. 77th Avenue, Miami, Florida 33122-1205 ------------------------------------------------------------------------ (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (305) 599-1800 N/A ------------------------------------------------------------------------ (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events On May 21, 1997, MasTec, Inc. (the "Company") announced an agreement to purchase a controlling interest in the telecommunications infrastructure construction business of Inepar, S.A. Industria e Construcoes, a Brazilian company. The Company has issued a press release announcing the purchase, a copy of which is attached as exhibit 99.1 and is incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) 99.1 Press release dated May 21, 1997. SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: May 28, 1997 /s/ Edwin D. Johnson - --------------------------- Edwin D. Johnson Senior Vice President- Chief Financial Officer (Principal Financial Officer and Authorized Officer) EX-99.1 2 PRESS RELEASE ON INEPAR-MASTEC [GRAPHIC OMITTED] NEWS For Immediate Release From MasTec, Inc. May 21, 1997 3155 N.W. 77th Avenue, Suite 135 Miami, Florida 33122-1205 Tel : (305) 599-1800 Fax : (305) 406-1908 For more information contact: Edwin D. Johnson, Chief Financial Officer www.ejohnson@mastec.com MASTEC AGREES TO ACQUIRE CONTROLLING INTEREST IN BRAZILIAN INFRASTRUCTURE PROVIDER MIAMI, FL - MasTec, Inc. (NYSE: MTZ) and Inepar, S.A. Industria e Construcoes (Sao Paulo Stock Exchange: IN) announced today an agreement to sell a controlling interest in Inepar's telecommunications infrastructure construction division to MasTec. The terms of the agreement call for MasTec to invest $29.4 million in new capital in the company for a 50% interest and allows MasTec to acquire an additional 1% interest from Inepar for MasTec shares. The new venture will do business as Inepar-MasTec and is expected to quickly become a leading telecommunications construction services company in Brazil. Inepar is one of the largest providers of services, equipment and capital goods to the telecommunications and energy industries in Brazil with a significant presence throughout the rest of South America. Inepar is located in most of the 26 states of Brazil with a strategic concentration in the more populous and industrialized areas. Inepar also has offices in most of the other South American countries. Inepar is the Brazilian partner to Motorola for the Iridium Project and acts as a privileged infrastructure provider for the project worldwide. In addition, Inepar has several joint ventures in the energy sector with substantial international partners such as General Electric, Hubell and Landys & Gyr. The Inepar Group has consolidated assets in excess of half a billion dollars, net assets of $175 million and produced revenue last year, including its proportion of revenue earned through joint ventures, of $436 million. Stockholders in the Company include many prominent Brazilian pension funds. Upon its formation, Inepar-MasTec will have a backlog of telecommunications infrastructure projects in excess of $230 million with near-term prospects for significant additional projects. Atilano Oms Sabrinho, President and Chief Executive Officer of Inepar, stated: "The Brazilian telecommunications market is undergoing tremendous change as a mandate for the systematic privatization of Telebras and eventual deregulation of the industry has created significant new opportunities. We anticipate that the build-out of telecommunications infrastructure in Brazil over the next few years will dwarf historical expenditures and believe that the new venture with MasTec will bring a formidable competitor to the Brazilian infrastructure market." Jorge Mas, President and Chief Executive Officer of MasTec, stated: "We have been studying the Brazilian market for some time and have closely monitored the exciting developments taking place both in the Brazilian economy and in the telecommunications industry there. We are very excited with the opportunity to enter this market with an established partner of such a high reputation and standing as Inepar. By forming a well capitalized venture with an existing backlog of contracts, we are confident that Inepar-MasTec can quickly become a leading market force in the provision of telecommunications infrastructure services in Brazil and also in the Mercosur market." The transaction is not expected to require any regulatory approvals and is scheduled to be completed within the next few weeks. Both companies will submit the agreement to their respective boards within a week. Opening the Lines of Communication(R) worldwide, MasTec is one of the world's leading telecommunications and related infrastructure service providers, serving clients throughout the United States, Latin America and Spain. ### -----END PRIVACY-ENHANCED MESSAGE-----