Pipa Agroindustrial Ltda. entered into sale and purchase agreement to acquire Usina São José da Estiva S/A - Açúcar e Álcool from Biosev S.A. for approximately BRL 200 million.

Pipa Agroindustrial Ltda. entered into sale and purchase agreement to acquire Usina São José da Estiva S/A - Açúcar e Álcool from Biosev S.A. (BOVESPA:BSEV3) for approximately BRL 200 million on September 20, 2018. The transaction is subject to the fulfillment of certain conditions precedent, including the execution of guarantee agreements and approval by counterparties of agreements related to Usina Estivas. The Transaction was approved by the Board of Directors of Biosev.