Light S.A. (BOVESPA:LIGT3) signed a share purchase agreement to acquire remaining 49% stake in AXXIOM Soluções Tecnológicas S.A. from Companhia Energética de Minas Gerais (BOVESPA:CMIG4) for BRL 1 on December 22, 2022. The agreement has a symbolic payment by Light of BRL 1.00 (one Real), with settlement of the assets and liabilities of Axxiom. With the conclusion of the Transaction, Light shall hold 100% of Axxiom's outstanding capital stock and its sole controlling shareholder.

Axxiom reported total assets of BRL 32 million, total liabilities of BRL 30 million, sales of BRL 28 milion, operating loss of BRL 5 million and net loss of BRL 5 million for the year ended December 31, 2021. The closing of the Transaction is subject to the fulfillment of certain conditions precedent, especially its approval by the Administrative Council of Economic Defense – CADE. On January 25, 2023, the Administrative Council for Economic Defense approved the operation.

The Company expects to complete the operation in the second quarter of 2023.