CSHG Renda Urbana Fundo Investimento Imobilirio - FII a fund managed by Credit Suisse Hedging-Griffo Corretora de Valores S/A, Investment Arm agreed to acquire Ten Makro stores in Brazil from Atacadão S.A. for approximately BRL 200 million.

CSHG Renda Urbana Fundo Investimento Imobilirio - FII (BOVESPA:HGRU11) a fund managed by Credit Suisse Hedging-Griffo Corretora de Valores S/A, Investment Arm agreed to acquire Ten Makro stores in Brazil from Atacadão S.A. for approximately BRL 200 million on June 8, 2021. In May 2021 the CSHG fund paid an initial BRL 14.5 million to Atacadão. The conclusion of the operation depends on technical diligence and compliance matters, and approval from antitrust body Cade.