Fidelidade - Companhia de Seguros, S.A. signed an agreement to acquire 51% stake in La Positiva Seguros y Reaseguros S.A. (BVL:POSITIC1) from Ferreycorp S.A.A. (BVL:FERREYC1) and others for approximately PEN 350 million on March 5, 2018. The acquisition will be made by way of public offer of acquisition, with the price offered being PEN 2 per share. The price may be modified if La Positiva Seguros y Reaseguros S.A. issues new shares before of the launch of public offer. The transaction is subject to authorization from the Superintendency of Banking, Insurance and AFP and the deal is expected to close in third quarter of 2018. Lazard Freres and BNP Paribas Securities Corp acted as the financial advisor to La Positiva Seguros y Reaseguros S.A and Lazard acted as a financial advisor to Fidelidade.

Fidelidade - Companhia de Seguros, S.A. completed the acquisition of 51% stake in La Positiva Seguros y Reaseguros S.A. (BVL:POSITIC1) from Ferreycorp S.A.A. (BVL:FERREYC1) and others on January 3, 2019. A price of PEN 1.8 was offered for 194 million shares acquired in the tender offer launched in November 2018.