M & N Participações S.A. entered into a sale and purchase agreement to acquire Giasa Unit in State of Paraíba, Brazil from Biosev S.A. for BRL 70 million.

M & N Participações S.A. entered into a sale and purchase agreement to acquire Giasa Unit in State of Paraíba, Brazil from Biosev S.A. (BOVESPA:BSEV3) for BRL 70 million on November 7, 2018. The consideration is subject to certain potential adjustments. Furthermore, the conclusion of the transaction is subject to the fulfillment of certain conditions precedent, including the approval of the transaction by the Administrative Council for Economic Defense, the presentation of a bank guarantee by M&N and the approval by certain counterparties in agreements related to unit Giasa. The transaction was approved by the Board of Directors of Biosev S.A.