Flamengo Participações entered into an agreement to acquire 97.67% stake in Nadir Figueiredo Indústria e Comércio S.A. (BOVESPA:NAFG4) for approximately BRL 740 million on July 12, 2019. Flamengo Participações SA will pay BRL 63.05 for each ordinary and preferred share which is subject to variation of the net indebtedness and working capital of Nadir Figueiredo Indústria e Comércio S.A. An amount equivalent to BRL 100 million will be paid after the seventh anniversary of closing of the transaction and may be compensated against any indemnities due by the sellers in the year of the agreement arising from the materialization of losses and contingencies related to events prior to the date of closing of the transaction. Flamengo Participações SA will submit a request for registration of a public tender offer for the remaining shares. The transaction has been approved by the shareholders of Nadir Figueiredo Indústria e Comércio S.A. Flamengo Participações completed the acquisition of 97.67% stake in Nadir Figueiredo Indústria e Comércio S.A. (BOVESPA:NAFG4) on September 3, 2019. As of September 30, 2019, Vidros da Glória Participações executed its offering of BRL 387.59 million Notes to finance the acquisition. Banco Votorantim acted as lead manager and Banco ABC Brasil acted as co-manager on the transaction. Ricardo Prado of Lefosse acted as legal advisor to Banco Votorantim S.A. and Banco ABC Brasil S.A.. Credit Suisse acted as financial advisor to Nadir Figueiredo Indústria e Comércio S.A. Henry Sztutman, Eduardo Paoliello Jr., Flávio Veitzman, Renato Holsback Ramos, Otavio B. P. de Carvalho, Enrico Jucá Bentivegna, Fábio Contente, Rafael Garcia Santana Martins and Francisca de Almeida Silva Pereira of Pinheiro Neto Advogadosacted as legal advisor for Flamengo Participações SA. Luciana Magalhães Costa, Luis Henrique da Conceição Costa, Monique Mavignier, Edgard Schwery Neto, Felipe De Albuquerque Destri and Igor Silva de Lima. of Barbosa, Müssnich & Aragão Advogados acted as legal advisor for Nadir Figueiredo Indústria e Comércio S.A. Fortezza Partners acted as advisor to the transaction.