An outlandish company signed a memorandum of understanding to acquire 79.3% stake in Portinho S.A. from Blue Vision A/S (CPSE:BLVIS) for €12 million on March 9, 2017. The transaction is split into two phases. In the first phase, the intention is that Blue Vision A/S will transfer its 60% stake in the shares and 75.66% of the company'sreceivables in Portinho S.A. against payment of a cash consideration of €9 million. In the second phase, Blue Vision will transfer its remaining stake of 19.3% of the shares in Portinho S.A. and the company's residual receivables from Portinho S.A against payment of a cash consideration of €3 million. The second phase has not yet been finally negotiated as it is conditional on the fulfillment of a number of yet undefined milestones. An outlandish company cancelled the acquisition of 79.3% stake in Portinho S.A. from Blue Vision A/S (CPSE:BLVIS) on March 9, 2018.