Enauta Participações S.A. (BOVESPA:ENAT3) agreed to acquire Parque das Conchas from Qatar Petroleum International for $150 million on December 25, 2023. The transaction amounts to a total of $150 million, with $15 million paid upon signing and the outstanding balance, adjusted by the period?s cash flow from the effective date of July 1st, 2023, will be paid in three installments after authorities? approvals.

The closing of the transaction is subject to conditions precedent, in particular the approval of Brazil?s Administrative Council for Economic Defense (CADE) and Brazil?s National Agency of Petroleum, Natural Gas and Biofuels (ANP), among others. BofA Securities, Inc. acted as financial advisor to Qatar Petroleum International.