Patris Investimentos SGPS, SA. entered into share purchase agreement to acquire Banif Acor Pensoes from Oitante, S.A. in August 2016. The transaction is subject to approval by the Insurance Supervision Authority. Patris Investimentos SGPS, S.A. completed the acquisition of Banif Acor Pensoes from Oitante, S.A. on August 12, 2017.