Grupo SBF S.A. (BOVESPA:CNTO3) entered into an agreement to acquire Network Participações S.A. for BRL 60 million on December 12, 2020. The consideration is subject to certain purchase price adjustments based on the NWB Group's working capital, cash and debt. The transaction is subject to the satisfaction of certain closing conditions customary, including, without limitation, the approval of the transaction by the Administrative Counsel for Economic Defense.