Omega Geração S.A. (BOVESPA:OMGE3) entered into a binding agreement to acquire CEA III - Centrais Eólicas Assuruá III SPE S.A. from Fundo de Investimentos em Participações managed by CER - Companhia de Energia Renováveis for approximately BRL 240 million on December 27, 2019. The purchase price will consist of a cash payment of BRL 20 million for 10% of the shares and transfer of 5 million shares issued by Omega for the remaining 90% shares of CEA III, with an exchange ratio of 0.065693222654 shares of Omega per each share of CEA III. The conclusion of transaction is subject to customary closing conditions including creditor’s consent and is subject to approval by Omega’s shareholders. The transaction was approved by Omega’s Board of Directors. As of January 31, 2020, the transaction was approved by Brazil's Administrative Council for Economic Defense. Omega Geração S.A. (BOVESPA:OMGE3) completed the acquisition of CEA III - Centrais Eólicas Assuruá III SPE S.A. from Fundo de Investimentos em Participações managed by CER - Companhia de Energia Renováveis on March 30, 2020.