Ideiasnet S.A. (BOVESPA:IDNT3) agreed to acquire the unknown remaining stake in Padtec S.A. from BNDES Participações S.A. - BNDESPAR, Fundação CPqD Centro de Pesquisa e Desenvolvimento em Telecomunicações for approximately BRL 130 million on March 27, 2020. As part of the transaction, 61.3 million new shares will be issued as consideration. Post-completion, Padtec will operate as a wholly owned subsidiary of Ideiasnet. Operation is subject to approval by majority Padtec Shareholders (Ideiasnet, CPqD and BNDESPAR) and subject to approval by the majority of shareholders present at AGE Ideiasnet, to be carried out on the same date. The transaction was approved by the Board of Directors of Ideiasnet. Carlos Augusto Leite Junqueira de Siqueira of Cescon, Barrieu, Flesch & Barreto acted as legal advisor to Ideiasnet and Padtec in the transaction. Ideiasnet S.A. (BOVESPA:IDNT3) completed the acquisition of unknown remaining stake in Padtec S.A. from BNDES Participações S.A. - BNDESPAR, Fundação CPqD Centro de Pesquisa e Desenvolvimento em Telecomunicações on July 10, 2020.